ED arrests managing director of Mumbai firm in Rs 915 crore money laundering case

A managing director of a firm in Mumbai has been arrested by the Enforcement Directorate in connection with a Rs 915 crore money laundering case.

The Enforcement Directorate has arrested Vinod Chaturvedi, the Managing Director of Usher Agro Limited, in a Rs 915.65 crore cheating and bank fraud case, officials said.

Usher Agro Limited and its group were also involved in alleged bogus transactions with Dewan Housing Finance Corporation Limited (DHFL).