BY A STAFF REPORTER
The Enforcement Directorate arrested Avantha Group promoter Gautam Thapar under the Prevention of Money Laundering Act late Tuesday, various media reports said quoting officials.
Thapar's arrest came after the agency raided multiple locations on Tuesday. He is expected to be produced before court today, where the agency will seek his custody, one report said.
The directorate has been probing an alleged transaction between his company Avantha Realty, YES Bank co-founder Rana Kapoor and his wife, who are already being investigated under the Prevention of Money Laundering Act by the agency.
The Enforcement Directorate filed a money laundering case against him after taking cognisance of a First Information Report lodged by the Central Bureau of Investigation in June.
Source : Eureka
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