The Enforcement Directorate has arrested Ashok Kumar Mittal, Director of Mahesh Timber Private Limited in Karnal, Haryana in a bank fraud case. ED has initiated a money-laundering investigation on the basis of FIR registered by CBI, New Delhi for criminal conspiracy, cheating, forgery, and criminal misconduct of public servants against the Company.<br />''<br />''Ashok Kumar Mittal is the key director of the company, who in connivance with bank officials has fraudulently got Letter of credit limit enhanced from 21 crore rupees to 195 crore rupees. It said, the money was diverted to Singapore-based related entities of Ashok Kumar Mittal on account of fake imports. It caused an overall wrongful loss to the bank to the tune of 155 crore rupees.<br />''<br />''<br />