Enforcement Directorate has arrested a former Director of Andhra Bank in connection with its money laundering probe in the alleged five thousand-crore rupees bank fraud case involving a Gujarat-based pharma firm. Sources said Anup Prakash Garg was arrested by the agency late last evening. <br/><br/>This is the second arrest in the case after the agency in November last year held Delhi-based businessman Gagan Dhawan. Garg has been arrested under the Prevention of Money Laundering Act and is expected to be produced before a special court. <br/><br/>Garg has been named as an accused in the case by the ED and the CBI. The ED registered a money laundering case in this instance after taking cognisance of an earlier CBI FIR.
News On AIR | January 13, 2018 1:02 PM
ED arrests former Andhra Bank official in fraud case