Thursday 22 December 2016

Over 200 Crores Seized In Kerala And Other Raids

New Delhi:

 Multiple raids were conducted today in a nationwide crackdown on black money with crores - including in Rs 2,000 notes - being seized in the searches. The Enforcement Directorate arrested Kolkata-based businessman Paras Mal Lodha in Delhi for allegedly converting over Rs 25 crore in banned currency into new notes. Mr Lodha, a real estate developer, was arrested last night for allegedly helping Tamil Nadu businessman J Sekhar Reddy and Delhi-based lawyer Rohit Tandon in converting more than Rs 25 crore of banned notes to new currency notes.

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