Lucknow, April 8 -- The Enforcement Directorate (ED) on Monday evening arrested former MLA and Samajwadi Party leader Vinay Shankar Tiwari from his New Hyderabad residence in Lucknow in a case related to an alleged bank loan fraud for causing "a wrongful loss" to the tune of Rs.754.24 crore and money laundering following raids on multiple locations in the state capital, Gorakhpur and Noida earlier in the day.

The ED also arrested his relative Ajit Pandey from his native village in Maharajganj district in eastern Uttar Pradesh. Pandey used to allegedly manage the business of Tiwari's company from the Noida office.

Tiwari is the son of former Uttar Pradesh minister and Gorakhpur strongman the late Harishankar Tiwari.

The ED produced Vina...