New Delhi: The Enforcement Directorate (ED) has arrested real estate tycoon and IREO Group Chief Lalit Goyal. Lalit Goyal was detained at Delhi airport last week when he was on the verge of going to the US. In the case of violation of the ED Foreign Exchange Management Act (FEMA), Lalit Goyal's company is IREO.
Lalit Goyal has been accused of economic fraud by US-based investment companies. IREO is a large real estate group of Delhi-NCR. It may be noted that Lalit Goyal's name was also recently revealed in the Pandora paper leak case. He is accused of transferring $77 million to the British Virgin Islands in 2010 through trust and four institutions. According to the report, the money belonged to investors. After the paper was leaked, the Government of India had constituted a team to investigate all those named in the Pandora paper.
Meanwhile, several people who bought a house from Lalit Goel's company have approached the court alleging that Lalit Goyal's company IREO cheated them and did not give possession of their houses.
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