New Delhi, March 23 -- The Enforcement Directorate (ED) has arrested Harsatinder Pal Singh Hayer- the son-in-law of the former Pearls Group chairman and managing director Nirmal Singh Bhangoo - in connection with its money laundering investigation into the Rs.48,000-crore Ponzi scheme case, officials familiar with the matter said on Saturday.

According to the statement issued by the federal agency, Hayer was arrested on Friday, and a special Prevention of Money Laundering Act (PMLA) court later sent him to ED custody.

The case is based on a first information report (FIR), registered by the Central Bureau of Investigation, that accused PACL (Punjab Agro Company Limited (PACL), a subsidiary of the Pearls Group, and Bhangoo, among others, ...