The Enforcement Directorate (ED) has made its third arrest in connection with the Malegaon money-laundering probe where the accused allegedly misused the bank accounts of Malegaon residents and withdrew Rs 196 crore over a period of five months. The ED on Thursday arrested Seraj Ahmed Memon, who was earlier arrested by the Malegaon police. Special Judge AC Daga sent Memon to ED custody till December 27.
The agency claimed that Memon and his accomplices used identity documents of Malegaon locals and created shell entities in banks. “These documents were collected by Seraj Ahmed on the pretext of giving some financial benefit/job to the complainant and other such persons,” the ED said.
The ED alleged that bank accounts were opened in several banks with these identity documents and money was withdrawn in cash and crores of rupees were sent out of the country. The ED had earlier arrested Surat resident Vesania Wasim Walim Mohammad and Nagni Akram Mohammad Shafi in this case.
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