HIGHLIGHTS:

  • Goyal was arrested under sections of PMLA
  • According to reports, he has been non cooperative during the questioning session
  • A special court gave him a remand for seven days

On Tuesday, IREO group’s vice chairman and managing director Lalit Goyal was arrested by the Enforcement Directorate (ED) for having connections to a money laundering case. According to officials, the money laundering case involved a total sum of Rs 2,600 crore. The ED arrested Goyal in Chandigarh, under sections of the Prevention of Money Laundering Act (PMLA). He will be further put to the court for a remand.

Goyal’s movement to an US based flight was earlier hindered by the authorities of Indira Gandhi International airport. This came ahead of the ED issuing a look out notice against the vice chairman of IREO. According to an official, “Real estate company IREO’s promoter Lalit Goyal was detained at the Delhi Airport by immigration officials and was handed over to the ED. He is being questioned and his statement is being recorded by the ED in a case of money laundering and diversion of funds and investors.”

Goyal, who has earlier been accused in the Pandora Papers, has reportedly been non cooperative during the questioning session. He has been given a seven days remand by a special court. Over a bank loan fraud, the ED has also conducted a raid on the Ghosh Brothers Groups of companies. 

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