The Enforcement Directorate  has arrested two former executives in connection with its money laundering probe in the Infrastructure Leasing and Financial Services Ltd (IL&FS) alleged financial irregularities case. Officials said former joint MD of the company Arun K Saha and MD of transportation network K Ramchand were arrested late last evening in Mumbai under the Prevention of Money Laundering Act (PMLA).These are the first arrests in this case by the Enforcement Directorate.<br />''<br />''<span style="color: #222222;">They said the two will be produced before a special PMLA court in Mumbai today. IL&FS has defaulted on payment of loans to SIDBI and along with its subsidiaries has a combined debt of over 91,000 crore rupees.</span><br />