New Delhi [India], August 19 (ANI): The Enforcement Directorate (ED) has arrested Vuppalapati Satish Kumar, Managing Director (MD) of Prithvi Information Solutions Limited (PISL), for money laundering and causing a loss of around Rs 3,316 crore to a consortium of public sector banks, the agency said on Thursday.
V Satish Kumar was arrested under the Prevention of Money Laundering Act 2002, with the connivance of his sister Hima Bindu B, MD of VMC Systems Limited, a Hyderabad-based telecom equipment manufacturer.
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