Delhi bizman held in `5,000 cr money laundering case
New Delhi: The Enforcement Directorate on Wednesday arrested prominent businessman Gagan Dhawan in connection with a money laundering probe into an over Rs 5,000 crore alleged bank fraud case, officials said.
An official of the financial probe agency told IANS that Dhawan was arrested from his south Delhi residence in a case involving bank fraud of over Rs 5,000 crore by Sandesara Group under the Prevention of Money Laundering Act (PMLA), reports IANS. He will be produced before a court later in the day, the official said.
According to ED officials, Dhawan allegedly aided bank loan frauds related to a Vadodara-based company named Sterling Biotech.
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