New Delhi, July 8 -- Directorate of Enforcement (ED), Kolkata Zonal Office, has arrested Saiyad Jiyajur Rahaman, Director of M/s LFS Broking Pvt. Ltd., on July 5, under the provisions of Prevention of Money Laundering Act (PMLA), 2002, the agency said.

Earlier, the accused was produced before the Chief Judge, City Sessions Court, Kolkata, on the strength of a production warrant issued by the Court. The accused has been remanded to ED custody till July 14, the ED said.

https://x.com/dir_ed/status/1942527615665070553

According to the ED, Saiyad Jiyajur Rahaman is the mastermind behind fraudulent schemes carried out through M/s LFS Broking Pvt. Ltd., which promised assured returns ranging from 2-3 per cent on investments, which lured a nu...