New Delhi, April 14 -- The Enforcement Directorate (ED) has arrested Indian PAC Consulting Pvt Ltd (IPAC) Director Vinesh Chandel under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with the alleged coal pilferage case, a press release said.

Vinesh Chandel is the founder, director and 33 per cent shareholder of IPAC, and was arrested on Monday, after ED initiated an investigation on the basis of an FIR registered by Delhi Police.

After his arrest, Chandel was produced before the court and Additional Sessions Judge, Patiala House Courts, Shefali Barnala Tandon,who granted 10 days ED custody.

According to the ED, the investigation conducted so far has revealed multiple instances of financial irregul...