Delhi Chartered Accountant Arrested In Money Laundering Case Linked To Fertiliser Scam

Alok Kumar Agarwal, chairman of Alankit Group, was arrested on Monday and the federal agency claimed in a statement issued here that arrested RJD MP AD Singh "received a part" of this alleged illegal cross-border money transfer.

The Enforcement Directorate on Tuesday said it has arrested a Delhi-based chartered accountant (CA) on money laundering charges linked to alleged transfer of about Rs 40 crore hawala funds from Dubai to India. Alok Kumar Agarwal, chairman of Alankit Group, was arrested on Monday and the federal agency claimed in a statement issued here that arrested RJD MP A D Singh "received a part" of this alleged illegal cross-border money transfer. The Rajya Sabha member was arrested last month by the Enforcement Directorate (ED) here in connection with a money laundering investigation linked to an alleged fertiliser scam and payment of kickbacks to the tune of Rs 685 crore. The agency said that the chartered accountant who is being probed in the same fertiliser "scam" case was produced before a special Prevention of Money Laundering Act (PMLA) court on Tuesday and it sent him to 10 days of ED custody.