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Bank loan fraud: ED arrests man from Delhi airport

New Delhi: The Enforcement Directorate today arrested a man from the Delhi airport here in connection with a money laundering probe emerging from a bank loan fraud case.

The agency said it arrested Pandit Saurabh of “Sky Light Limited Hong Kong” after he arrived here from Dubai.

Officials said he was arrested from the Indira Gandhi International Airport (IGIA) here under the provisions of the Prevention of Money Laundering Act (PMLA).

They said Saurabh, the director of the said firm, was wanted in a loan fraud case against IndusInd bank in Mumbai.

—PTI