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SC extends ED remand of former TMC MP KD Singh till Jan 25 in money laundering case ANI | Updated: Jan 16, 2021 19:56 IST
New Delhi [India], January 16 (ANI): The Rouse Avenue Court on Saturday extended the Enforcement Directorate (ED) remand of former Trinamool Congress (TMC) MP and businessman KD Singh till January 25, who has been arrested in connection with an alleged money-laundering case. Singh was arrested by ED on January 13.
ED through its counsel Advocate Amit Mahajan, Adv NK Matta, and Adv Faraz on Saturday while sought further custodian remand of KD Singh submitted that as the record is voluminous in number and he needs to be confronted with around 15 public persons too in the custodial remand.
A twitter image of Enforcement Directorate.
Alchemist Infra Realty Limited, headed by K. D. Singh is accused of collecting over ₹1,900 crore from investors through unauthorised means.
The Enforcement Directorate (ED) has arrested former Trinamool Congress Rajya Sabha member and industrialist K.D. Singh in connection with a Ponzi scam case allegedly involving Alchemist Infra Realty Limited. The company was accused of collecting over ₹1,900 crore from investors through unauthorised means.
“Mr. Singh has been arrested in the Alchemist case,” said a senior ED official.
The money laundering probe was initiated on the basis of a prosecution complaint filed by the Securities and Exchange Board of India (SEBI) against the company and its directors in March 2016.
ED Arrests Former TMC MP K.D. Singh Under PMLA
The agency charged the founder of Alchemist Ltd. with non-cooperation in the investigation and arrested him.
Former TMC MP K.D. Singh Photo: K. D. Singh/Flickr, CC BY 2.0
Law13/Jan/2021
New Delhi: The Enforcement Directorate has arrested former TMC MP and businessman K.D. Singh on money laundering charges, official sources said on Wednesday.
The agency charged the 59-year-old founder of Alchemist Ltd. with non-cooperation in the investigation and arrested him under the Prevention of Money Laundering Act (PMLA) on Tuesday night.
They said the ED will produce him in a court here and seek his custody.
In a major action, the Enforcement Directorate (ED) on Wednesday arrested Trinamool Congress s (TMC) former Rajya Sabha member K.D. Singh in connection with a money laundering case, officials said. The TMC maintained that the party has not been .
A Delhi court on Wednesday sent former Trinamool Congress (TMC) lawmaker K.D. Singh to the custody of the Enforcement Directorate (ED) till January 16.In a major action, the ED arrested Singh in connection with a money laundering case under the .