India, Jan. 7 -- The Mumbai unit of the Enforcement Directorate (ED) on Tuesday arrested businessman Prateek Kanakia in connection with its money-laundering probe into a Rs.50-crore loan disbursed by the Broadcast Engineering Consultants India Limited (BECIL) to Kanakia's firm, The Green Billions Limited (TGBL), for executing a civic waste management project in Pune.

Kanakia was produced in a special court and remanded in the ED's custody till Friday, agency sources said.

The ED's probe is based on a case registered by the Central Bureau of Investigation (CBI) on September 3, 2024. The CBI had registered a first information report in the case based on the findings of its preliminary enquiry (PE), initiated upon receipt of a complaint fr...