Arrested businessman made Rs 50 crore profit by violating Delhi excise policy: ED

Updated: Sep 29 2022 1:04AM

New Delhi, Sep 29 (PTI) Liquor businessman Sameer Mahandru, arrested by the Enforcement Directorate in connection with the Delhi excise policy money laundering case, earned Rs 50 crore as "proceeds of crime" in less than a year by violating the provisions of the liquor scheme, the agency told a local court.

Mahandru, the managing director of an alcoholic beverages manufacturing company called Indospirit, was taken into custody by the federal agency around 9 am on Wednesday and the court of special judge M K Nagpal later sent him to the Enforcement Directorate custody till October 6.

He was questioned by the agency overnight at its headquarters in central Delhi, sources said.