New Delhi, Jan. 22 -- The Enforcement Directorate (ED), Gurugram Zonal Office on Thrusday said they have arrested one Sandeep Gupta, ex-promoter and suspended managing Director of the Richa Industries Ltd (RIL).
He was produced before a Special PMLA Court in Gurugram, which remanded him to ED's custody for eight days.
The ED initiated PMLA investigation based on FIR registered by the CBI under various Sections of IPC, and PC Act, for the commission of offences of Criminal conspiracy, cheating and criminal misconduct by the accused persons, thereby causing wrongful gain to themselves and causing substantial losses to the public sector banks to the tune of Rs. 236 Crore during the year 2015 to 2018.
Investigation revealed that Richa Indust...