ED arrests IT firm director in bank fraud case

New Delhi: Enforcement Directorate has arrested the Chief Managing Director of an IT firm in connection with a bank fraud case amounting to more than Rs 800 crores.

The accused, Sunil Surendrakumar Kakkad has been booked under the Prevention of Money Laundering Act (PMLA), 2002.

“ED arrests Sunil Surendrakumar Kakkad, Chief Managing Director of M/s. Sai Infosystem (I) Ltd, M/s Atrium Infocomm Pvt. Ltd, M/s Click Telecom Pvt.

MS Education Academy

Ltd. under PMLA in a bank fraud case amounting to Rs 867.43 crores,” tweeted Enforcement Directorate on Saturday.

Further details are awaited.

Subscribe us on The Siasat Daily - Google News
Back to top button