Rohit Tandon, a Delhi based lawyer investigated for money laundering after a massive stash of Rs. 13.6 crore was found during raids in his office, has been arrested by the Enforcement Directorate as part of an anti-black money operation post demonetisation.
Officials said Tandon, who was being questioned by the Enforcement Directorate for the last few days, was placed under arrest late last night under the provisions of the Prevention of Money Laundering Act (PMLA) and will be produced in a court here for further custody.
The agency suspects Tandon was allegedly instrumental in the illegal conversion of demonetised currency worth about Rs. 60 crore in purported connivance with Kolkata-based businessman Paras Mal Lodha and arrested Kotak Bank manager in Delhi Ashish Kumar.
With Tandon’s arrest, the investigative agencies have now nabbed some of the major players of the two high-profile black money rackets unearthed post the note ban.
While Reddy has been arrested by the CBI from Chennai, Lodha and Kumar have already been arrested by the ED apart from two others in Chennai.
The agency has been questioning Lodha and Tandon here and even brought both of them face-to-face. Sources claimed that as the required information was not coming forth from Tandon, he had to be taken into custody. “Tandon is required for custodial interrogation,” they said.
Tandon’s case pertains to an operation of Delhi Police’s Crime Branch and the Income Tax department earlier this month when the agencies had seized Rs. 13.6 crore, of which Rs. 2.6 crore was in new currency, allegedly from a law firm that he is associated with.
The ED had booked a PMLA case against him based on the police FIR.
The lawyer was earlier separately searched by the tax department where it was said that he declared undisclosed income worth over Rs. 125 crore to the taxman.