Kolkata, Nov. 20 -- The Enforcement Directorate (ED) on Thursday arrested Sahara Group Director O P Srivastava in an alleged money laundering case of Rs 1lakh 79,000 crore, official sources said.
The official has been accused of cheating the investors and diverting funds into shell companies, the sources said.
Srivastava, Sahara Commercial Corporation director, was summoned by the ED at its CGO Complex in Salt Lake here this morning, and arrested in the evening after amarathon interrogation, sources said.
They said the accused was arrested after he "tried to mislead the federal agency" during interrogation regarding various Ponzi firms of the Sahara Group and cheating the investors of about Rs 1 lakh 79,000 crore in the money laundering ...