Kolkata, Aug. 28 -- The Enforcement Directorate (ED) today said it has arrested Amrit Feedsltd (AFL) managing director Harish Bagla during a raid in his property in a money launderingcase of over Rs 144 crore.
The central agency during a search operation on Tuesday in the property of AFL and its MD's premises besides seizing many incriminating documents also arrested main promoter and MDHarish Bagla, who is now under the ED custody upto August 30 following a special court order, official sources said.
The ED initiated investigation based on a complaint, which was filed by the SFIO against AFL and its related companies and promoters for alleged siphoning off banks' funds.
AFL siphoned off loan funds and defaulted in repayment to the banks...