Delhi Police arrests Mumbai firm MD in Rs 100 crore cheating case

A Mumbai firm managing director was arrested by the Delhi Police's Economic Offences Wing on July 20 in a 2018 case related to cheating and misappropriation of approximately Rs 100 crore.

The Economic Offences Wing of Delhi Police has arrested the managing director of a firm from Mumbai in connection with a 2018 case related to cheating, forgery and criminal misappropriation of approximately Rs 100 crore, police said on Sunday. Accused Ramchand Karunakaran, who played a prominent role in extorting the funds, was one of the directors of IL&FS Rail Ltd and the managing director of IL&FS Transportation Network Ltd, they added.