New Delhi [India], November 16 (ANI): The Enforcement Directorate (ED) has arrested the Vice-Chairman and Managing Director of real estate group IREO, Lalit Goyal, in connection with a money-laundering probe, officials said on Tuesday.

The businessman was arrested following several rounds of questioning with him at ED's Chandigarh branch for the last four days.

Also Read | ICEA Urges State CMs To Reduce GST on Mobile Phones to 12%, 5% on Phone Parts & Components.

He has been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) by the federal probe agency. He will be produced before a local court for seeking his remand.

Goyal was stopped by immigration authorities last Thursday at the Indira Gandhi International (IGI) airport here on the basis of an ED lookout circular against him.

Also Read | Entrepreneur Scott Bartnick's Otter PR Seeks to Meet Post-Pandemic PR Needs of Businesses.

Goyal was detained at Delhi Airport by immigration officials and was handed over to the ED.

"Goyal is being questioned at ED Chandigarh branch and his statement is being recorded by the investigators in a case of money laundering and diversion of funds of investors," said an ED official.

Earlier, Goyal's name had also appeared in Pandora Papers.

A lookout circular was issued against Goyal in a case registered at Chandigarh.

IREO has been under investigation since 2010 over a case involving the violation of the Foreign Exchange Management Act (FEMA). (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)