ED arrests M3M director Roop Kumar Bansal in money laundering case

Updated: Jun 9 2023 10:33PM

ED arrests M3M director Roop Kumar Bansal in money laundering case

New Delhi, Jun 9 (PTI) Roop Kumar Bansal, a director of Gurugram-based realty company M3M, has been arrested in a money laundering case linked to real estate firm IREO, the Enforcement Directorate said on Friday.

Bansal was taken into custody under the Prevention of Money Laundering Act (PMLA) on Thursday and he was later produced in a special court in Panchkula in Haryana which sent him to seven-day ED custody, the agency said in a statement.

The arrest, it said, was made in connection with the investigation being done against IREO and M3M groups for "diverting, siphoning off and misappropriating funds of investors and customers".

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