Demonetisation: CBI arrests 3 for exchanging black money in Kolkata
Followed by raids at several locations in the city on Wednesday, the Enforcement Directorate (ED) detained three men, including a businessman, a private bank's branch manager and a tax consultant, for allegedly laundering a huge amount of black money through fake bank accounts, according to reports.
After night long interrogation, the trio was handed over to the CBI and the central probe agency arrested them in the morning.
The ED conducted raid at businessman Sanjay Jain's flat at Sealdah area and a private bank's Burra Bazar branch on Wednesday and Tuesday respectively and busted the money laundering racket.
Thereafter Sanjay Jain, that private bank's branch head and a Burra Bazar-based tax consultant were nabbed by the ED.
CBI officials, however, said that the three arrested, who are currently being quizzed, will be produced in a local court on Thursday.
Few days earlier, two managers of Axis Bank's branch in Delhi and a senior manager (branch head) of Central Bank of India's Basavanagudi branch in Bangalore were arrested with the same charges by ED and CBI respectively.
(Reporting by Deepayan Sinha)
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
