New Delhi, June 3 -- The Enforcement Directorate (ED) on Wednesday said it has arrested three key accused persons in connection with a money laundering investigation based on the Rs 119.53 crore Indore Municipal Corporation (IMC) fake bill scam.

The arrested individuals have been identified as Abhay Singh Rathore, Mohd Zakir and Rahul Badera. They were taken into custody on June 1 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, officials said.

The accused were produced before the Special PMLA Court in Indore, which granted ED custody till June 5 for further interrogation and investigation.

ED initiated the probe based on multiple First Information Reports (FIRs) registered by Police Station MG Road, Indore,...