The Enforcement Directorate (ED) on Tuesday arrested the previous CFO and the previous inside auditor of the Cox and Kings Group in reference to its cash laundering probe within the Sure Financial institution alleged mortgage default case.
The company stated ex-chief monetary officer Anil Khandelwal and ex-internal auditor Naresh Jain have been arrested underneath the availability of the Prevention of Cash Laundering Act (PMLA).
Each the accused have been produced earlier than an area courtroom that despatched them to 7 days’ ED custody, it stated in a press release.
The central probe company stated its investigation discovered that Sure Financial institution had a complete excellent quantity of Rs 3,642 crore in respect of Cox & Kings Group of Corporations (CKG).
Sure Financial institution co-promoter Rana Kapoor and and DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan have been arrested on this case by the ED early this 12 months and they’re in judicial custody at current.