Ludhiana, Oct. 2 -- The Enforcement Directorate's (ED) Jalandhar zonal office has arrested Sohel Akthar alias Raju from Kolkata in connection with a Rs.7-crore digital arrest fraud involving Padma Bhushan awardee and noted industrialist SP Oswal, 82, chairman of the Ludhiana-based Vardhman Group, with the agency alleging that Akthar was the principal handler involved in arranging mule bank accounts through which proceeds of cybercrime were routed.

The arrest followed search operations conducted by the ED on September 28 at three locations in West Bengal. Akthar was produced before the Calcutta chief judicial magistrate, who granted him transit remand for his production before the special PMLA court in Jalandhar. The additional district a...