ED Nabs Kolkata Businessman In Rs 25 Crore Money Laundering Case

Paras M Lodha was held in connection with converting old notes to new in the Sekhar Reddy and Rohit Tandon cases.

A day after the CBI arrested mining baron J Sekhar Reddy on charges of money laundering, the Enforcement Directorate has nabbed Paras M Lodha, a Kolkata-based businessman, in connection with the case.

The agency arrested Lodha “in connection with the conversion of more than Rs 25 crore of old notes to new notes in Sekhar Reddy and Rohit Tandon cases.”