India, May 20 -- The Enforcement Directorate (ED)'s Mumbai zonal unit has arrested an individual as part of its money-laundering probe related to a case involving the allegedly fraudulent withdrawal of TDS refunds worth Rs.263 crore from the Income Tax Department. The arrested person, Rajesh Batreja, is accused of being instrumental in diverting a part of the proceeds of crime from the case, amounting to Rs.55.4 crore, abroad. Subsequently, he allegedly concealed a portion of these funds within two entities in India by presenting them as investments from Dubai, United Arab Emirates.
The agency previously arrested three individuals in the case, including a former Income Tax official named Tanaji Mandal Adhikari, as well as businessmen Bhu...
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