Shakti Bhog Foods Managing Director Arrested In Money Laundering Case

According to the SBI, the directors allegedly falsified accounts and forged documents to siphon off public funds.

The Enforcement Directorate on Monday said it has arrested Kewal Krishan Kumar, chairman and managing director (CMD) of Delhi-based Shakti Bhog Foods Limited, in a money laundering case linked to an alleged multi-crore bank loan fraud. Kumar was arrested on Sunday here and later produced before a special Prevention of Money Laundering Act (PMLA) court that sent him to ED custody till July 9, the federal investigative agency said in a statement. The agency, prior to the arrest, also raided at least nine premises in Delhi and Haryana. "During the searches, various incriminating documents and digital evidences have been recovered," it said.