PMLA case: ED raids premises of Kolkata bizman in two cities
The ED on Tuesday conducted searches at the premises of arrested Kolkata-based businessman Paras Mal Lodha here and in Delhi in connection with a money laundering case probe in two high-profile black money cases of illegal conversion of old notes in the wake of demonetisation.
Officials said the agency began the searches late in the afternoon and covered two of his premises here at S N Roy road and Queens Park here even as one location in Delhi was brought under the same operation. Lodha (62), at present, is in the Enforcement Directorate’s custody after he was arrested by the agency last week in Delhi.
He was arrested by the agency in “connection with the recovery of large amount in new currency notes from a company belonging to Advocate Rohit Tandon of T and T law firm (in Delhi) and J Shekhar Reddy of Chennai”.