Mumbai: Enforcement Directorate (ED) team engaged in investigation of money laundering has arrested Amit Chandol, the closest friend of Shiv Sena MLA Pratap Sarnaik. Amit was arrested late last evening for wrongly investing in Topps Group Security Company. Today he will be produced in PMLA court.
He was interrogated for 12 hours before his arrest. The ED team has also seized several papers, electronic gadgets from his house. This is the first arrest in this entire case. According to media reports, in 2014, the Times Group provided security guards to MMRDA (Mumbai Metropolitan Region Development Authority). ED says that the deal with Nanda's Topps Group Security was done after taking bribe. The agreement was worth Rs 35 crore and the ED has received information of Rs 7 crore associated with Sarnaik, which is currently being considered illegal and officials are investigating it.
Reports suggest that Pratap Sarnaik was supposed to go to some profit in the deal. The special thing is that there was no written contract between Topps Group and Pratap Sarnaik about this deal. Only regular cache transactions were going on.
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