ED has given details about this. (File picture)
The ED stated in a press release that Narendra Kumar Patel, director of Jai Ambe Gauri Chem Ltd, was produced earlier than a particular PMLA court docket in Hyderabad from the place he was remanded to ED custody until 29 January.(*100*)
- Last Updated:January 20, 2021, 12:07 AM IST
Last 12 months, ED issued a lookout round in opposition to Patel
According to this, ‘Patel absconded in the 12 months 2015 and left the nation along with his household and was residing in America. The CBI couldn’t interrogate him. Last 12 months, the ED issued a lookout round in opposition to Patel, based mostly on which immigration officers detained him from Ahmedabad International Airport and knowledgeable the company.
ED arrests absconding accused in Bank fraud case Narender Kumar Patel, Director of M / s Jay Ambe Gowri Chem Limited, beneath PMLA. Hon’ble PMLA Special Court, Nampally, Hyderabad grants 10 days of ED Custody.
– ED (@dir_ed) January 19, 2021
Agency told- mortgage fraud of crores of rupees performed from many banks
According to the ED, the CBI had lodged an FIR in opposition to Patel for mortgage fraud of crores of rupees constituted of a number of banks.