In a series of raids conducted cross the country post demonetisation, the Enforcement Directorate (ED) on 27 December nabbed the manager of the New Delhi’s Kasturba Gandhi Marg branch of the Kotak Mahindra Bank in connection with Paras Lal Lodha and Rohit Tondon Cases.
ED has also held charges of having 9 fake accounts with a total deposit of worth Rs. 34 Crore post demonetisation along with ‘Provision of Money Laundering’.
The arrested manager will soon be produced before the court for further custody.
Paras Lal Lodha, a kolkata based businessman, was held by ED from Mumbai last week after huge amount of the now banned Rs 500 and 1000 notes were recovered from a Delhi based law firm owned by advocate Rohit Tondon and Chennai businessman Shekhar Reddy.
It was also learned from the I-T departmnet that currency notes worth Rs 132 crore including Rs 34 crores in Rs 2000 notes along with 177 kg gold was seized from Reddy’s premises.
The ‘Digital Diary’ recovered from Lodha revealed his offer to convert notes to various persons. However, Lodha deleted several data which was retrieved back with the help of tech experts.
Further, probes were conducted by the ED teams from Delhi and Kolakata in Lodha’s residence as well as at his work place.