The Enforcement Directorate (ED) has arrested insolvency professional Jitesh Gupta in connection with its money laundering probe arising from the Best Foods case, alleging that he facilitated the admission of fraudulent claims and a resolution plan linked to the alleged diversion of loan funds.
Gupta, who had acted as Interim Resolution Professional/Resolution Professional (IRP/RP) for Homestead Infrastructure Development Pvt Ltd and Golden Peacock Residence Pvt Ltd, was arrested on August 12 under the Prevention of Money Laundering Act (PMLA). He was produced before a special PMLA court, which remanded him to ED custody for further investigation.
The ED probe stems from an FIR registered by the CBI against Best Foods Ltd under…