Mohali, Nov. 1 -- The Enforcement Directorate (ED) has secured a three-day remand of Jarnail Singh Bajwa, managing director of Bajwa Developers Limited, for a money laundering probe.

The ED initiated the investigation under the Prevention of Money Laundering Act (PMLA), following multiple FIRs filed by the Punjab Police and complaints by plot buyers in the Sunny Enclave project in Mohali.

An ED case information report before the court cited alleged proceeds of crime of Rs.662.49 crore linked to the accused and related entities.

Bajwa was earlier arrested by Sohana police on August 29, 2024, in connection with separate plot-related FIRs. The ED later sought production warrants and recorded Bajwa's statement before formally arresting him...