Business News | ED Arrests Ex-president of Kandala Service Co-op Bank, Son in Money Laundering Case
Get latest articles and stories on Business at LatestLY. The arrests were made in connection with an ongoing investigation in a money laundering case of fraud that allegedly occurred at Kandala Service Co-operative Bank, the central enforcement agency posted on X.
New Delhi [India], November 24 (ANI): The Directorate of Enforcement (ED) has arrested N Bhasurangan, former President of Kandala Service Co-operative Bank, Kandala, Maranalloor, Trivandrum, Kerala, and his son Akhiljith JB under the provisions of Prevention of Money Laundering Act, 2002.
The arrests were made in connection with an ongoing investigation in a money laundering case of fraud that allegedly occurred at Kandala Service Co-operative Bank, the central enforcement agency posted on X.
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"ED has arrested N. Bhasurangan, former President of Kandala Service Co-operative Bank, Kandala, Maranalloor, Trivandrum, Kerala and his son Akhiljith J.B on 21.11.2023 under the provisions of PMLA, 2002 in connection with an ongoing investigation in a money laundering case of fraud which occurred in Kandala Service Co-operative Bank. The Hon'ble Court has granted ED custody for 3 days till 24.11.2023" the agency said in its post on X. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)