Jalandhar, Feb. 27 -- The Enforcement Directorate Jalandhar's unit has arrested Arif Nisar, the founder of VueNow Marketing Services Ltd, in connection with the Rs.2,200 crore cloud particle investment fraud case.

This is the first arrest in the case.

The ED had on Monday conducted searches at Nisar's premises in New Delhi as part of the money laundering investigation against M/s VueNow Marketing Services Ltd. and related entities and persons.

"The search resulted in the seizure of incriminating documents and records. Nisar was arrested under the provisions of Prevention of Money Laundering Act, 2002. He was produced before the special court (PMLA), Jalandhar, and sent to eight-day ED custody till March 4," said an ED official.

On Feb...