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Real Estate Tycoon Lalit Goyal Arrested In Money Laundering Case

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Real Estate Tycoon Lalit Goyal Arrested In Money Laundering Case

A lookout circular had been put out against Lalit Goyal by the Enforcement Directorate

New Delhi:

Lalit Goyal, the chairman of real estate group IREO, has been arrested by the Enforcement Directorate in a money laundering case.

The realtor was detained last week at the Delhi Airport when he was about to take a flight out of the country. A lookout circular had been put out against Mr Goyal by the Enforcement Directorate, which investigates financial crimes.

IREO has been under investigation since 2010 over a case involving the violation of the Foreign Exchange Management Act (FEMA).

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