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Kotak Bank Manager arrests in charges of money laundering

 2016-12-28 07:00:22.0

kotak-mahindra-bank-manager-arrests Tahlka News Desk New Delhi: Wednesday morning Enforcement Directorate arrested manager of the Kotak Mahindra Bank for his alleged links with hawala trader Parasmal Lodha and Delhi-based lawyer Rohit Tandon.

According to the reports hi connection with money laundering probe into a crminal case launched after nine alleged fake accounts with deposits worth Rs 34 crore was detected post-demonetisation.

Officials said the agency arrested the manager of the bank�s branch in the Kasturba Gandhi Marg area, late on Tuesday night after questioning.

�The manager has been arrested under the provisions of the Prevention of Money Laundering Act and will be produced before the court for further custody,� they said. The Enforcement Directorate registered an FIR under PMLA laws after taking cognisance of the FIR filed by the Delhi Police crime branch.

Police had also arrested two persons from Naya Bazar last week for allegedly depositing black money worth Rs 34 crore in nine fake accounts Naya Bazar branch of Kotak bank.

A bank spokesperson had said in a statement that it �confirms that it has a robust system of regularly and proactively filing necessary reports with the statutory authorities as prescribed by them, which include these accounts.

�The bank denies that there were any fake accounts.The bank is extending full cooperation to the investigating authorities,� the spokesperson said.

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