Bank loan fraud: ED arrests 2 on money laundering charges in Hyderabad

G S C Raju, promoter of Leo Meridian Infrastructure Projects and Hotels Ltd (LMIPHL), and his close associate A V Prasad were arrested under the Prevention of Money Laundering Act (PMLA) and have now been remanded to ED custody, the agency said in a statement.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QTJYJz