New Delhi, May 31 -- The Enforcement Directorate (ED) on Sunday said it has recently arrested Satinder Singh Bhasin, promoter of Bhasin Infotech and Infrastructure Pvt Ltd (BIIPL) and Grand Venezia Commercial Towers Pvt Ltd (GVCTPL), in a money laundering case linked to the two companies.
Bhasin was produced before a Special PMLA Court in Ghaziabad, which remanded him to ED custody until June 6.
The ED initiated its investigation under the Prevention of Money Laundering Act (PMLA) based on multiple FIRs registered by Uttar Pradesh Police against BIIPL, GVCTPL, Satinder Singh Bhasin, Quincy Bhasin and others under various sections of the Indian Penal Code (IPC), 1860, for alleged cheating, fraud and criminal conspiracy.
According to the F...