NEW DELHI: The Enforcement Directoratet arrested Delhi lawyer Rohit Tandon on Wednesday night in connection with the ongoing money laundering case against him. He will be produced in court on Thursday.
The investigation revealed that he had converted black money to the tune of Rs 70 crore into ‘white’.
Tandon’s arrest came after a branch manager of Kotak Mahindra Bank was arrested on Wednesday. He was remanded in ED custody for five days in connection with its money laundering probe in a criminal case of detection of nine alleged fake accounts with deposits worth Rs 34 crore post demonetization.
Kotak Mahindra spokesperson Rohit Rao said.”With reference to the ongoing investigation of the said accounts, Kotak Mahindra Bank had proactively informed Financial Intelligence Unit and the bank has already suspended the services of its employee Ashish Kumar. The bank has zero tolerance towards employees not adhering to its Code of Conduct, and takes strict measures against them.”
Tandon had recently declared unaccounted income worth over Rs 125 crore on October 6 to the Income Tax department after searches were carried out against him.
Last year he has spent Rs 100 crore at his son’s wedding. He owns a house in Dubai, two luxury farm houses in Delhi’s Chhattarpur area and two houses in posh Panchsheel locality.