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Panchkula court sends Chandigarh based property dealer to 4-day custody

The Indian Express·Jagpreet Singh Sandhu·2 days ago
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A special PMLA court in Panchkula has sent Chandigarh-based property dealer Vikram Wadhwa to four days of ED custody in a money laundering case linked to the alleged embezzlement of Rs 845 crore. (File Photo) A special court under the Prevention of Money Laundering Act (PMLA), Panchkula, on Friday sent Chandigarh-based property dealer and real-estate developer Vikram Wadhwa to Enforcement Directorate (ED) custody, for four days, till June 2. This is in connection with a ‘money laundering’ case linked to the embezzlement of public funds from multiple government departments and entities in Haryana . The ED, seeking seven days of custodial interrogation, told the court the investigation had revealed a large-scale diversion of public funds through forged fixed deposits, shell entities and fraudulent banking transactions.…

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