Kolkata-based businessman Paras Mal Lodha is charged with converting Rs. 25 crore of demonetised notes into new currency.
The investigation that followed the arrest of J. Sekhar Reddy, Chennai-based sand mining baron and expelled Tirumala Tirupati Devasthanams board member, has turned into a pan-India exercise with multiple central agencies cracking down on his alleged associates.
On Thursday, a day after the Income Tax Department conducted extensive searches at the houses and offices of former Tamil Nadu Chief Secretary P. Rama Mohana Rao and others, the CBI arrested three suspected associates of Mr. Reddy in Chennai.
Separately, the Enforcement Directorate on Tuesday night arrested Kolkata-based businessman Paras Mal Lodha, who is also linked to Mr. Reddy, at the Mumbai airport for allegedly converting more than Rs. 25 crore of demonetised notes into new ones in connivance with international hawala operators.
23/12/16 Sangeetha Kandavel/The Hindu
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The investigation that followed the arrest of J. Sekhar Reddy, Chennai-based sand mining baron and expelled Tirumala Tirupati Devasthanams board member, has turned into a pan-India exercise with multiple central agencies cracking down on his alleged associates.
On Thursday, a day after the Income Tax Department conducted extensive searches at the houses and offices of former Tamil Nadu Chief Secretary P. Rama Mohana Rao and others, the CBI arrested three suspected associates of Mr. Reddy in Chennai.
Separately, the Enforcement Directorate on Tuesday night arrested Kolkata-based businessman Paras Mal Lodha, who is also linked to Mr. Reddy, at the Mumbai airport for allegedly converting more than Rs. 25 crore of demonetised notes into new ones in connivance with international hawala operators.
23/12/16 Sangeetha Kandavel/The Hindu
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