Kolkata, April 20 -- A court here on Monday sent Joy Kamdar, the managing director of Sun Enterprises, to Enforcement Directorate (ED) custody till April 28.
Kamdar was arrested on Sunday after a team of ED officials raided his residence. He has been charged under the Prevention of Money Laundering Act (PMLA) for his alleged involvement in a land scam spread across Bengal, an ED official said.
During the court proceedings, the prosecutor appearing for the ED alleged that they had detected a network of nearly 150 shell company accounts that was used to route hawala transactions. The agency also claimed that cash transactions worth around Rs 500 crore were carried out in just four months by Kamdar and his associates, pointing to a large int...