Updated Jan 13, 2021 | 13:59 IST
ED had been probing KD Singh for past five years. He is accused of running a Ponzi chit fund scheme and duping investors. Representational Image
KD Singh premises were raided by ED in 2019
Alchemist assets worth Rs 239 crores have been attached by the ED in a PMLA case
In March 2016, SEBI had filed a chargesheet against him
The Enforcement Directorate has arrested former Rajya Sabha MP and businessman Kanwar Deep Singh in a money laundering case.
Sources say that the arrest has taken place in an ongoing probe in Ponzi chit fund scheme. In 2016, the ED had filed a case against Singh and a firm allegedly linked to him Alchemist Infra Realty Limited.
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.The agency s special public prosecutor N.K. Matta informed the court that Singh was not .