According to the ED, bank records showed unexplained cash deposits exceeding ₹80 lakh in the accused’s personal accounts, along with credits of over ₹1 crore received from related parties who had earlier been beneficiaries of payments from the company. File image for representation only.
| Photo Credit: The Hindu
The Enforcement Directorate has arrested the former Resolution Professional of Richa Industries Limited (RIL) and taken him into eight-day custody in connection with the allegation that he was a beneficiary of the Proceeds of Crime (PoC) in the case.
The accused, identified as Arvind Kumar, worked the company’s Resolution…