Chennai: A mammoth money-laundering case, hitherto discussed in hushed voices, has now come out into the open, with the Madras high court handing it over to the CBI.
Arjunlal Sunderdas will ring a bell in the top echelons of industry, judiciary and politics, because scores of VVIPs had parked their money with the man with at least four companies. For several years he was able to pay an interest of 24% a year, till he defaulted in 2014. It took another three years for the economic offences wing to register a case, that too after the high courts intervention and order.
On April 21, 2014, Arjunlal was declared insolvent on a plea from a Mumbai-based creditor, Chitra Desai. On March 3, 217, the Madras high court directed its official ass…
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