Chennai: Sleuths from Enforcement Directorate arrested a Mumbai-based businessman under Prevention of Money Laundering Act (PMLA) in connection with the Rs19 crore bank fraud case, in which actress Leena Maria Paul and her boyfriend Sukash Chandrasekar were arrested earlier.
The businessman, Ajit Jain of Mangal Royal Jewels Pvt Ltd., who was arrested on Wednesday admitted to charges of laundering the money that was fraudulently taken from the bank, an ED official said.
According to a press release from K.S. V.V. Prasad, joint director, ED, based on a complaint from Canara Bank, the investigators had earlier arrested managing director of Future Techniks Ltd M Balasubramanian, his wife Chitra Balasubramanian, and the chief manager of Canara Bank. Later, Jagadeesha and actress Leena Maria Paul, also accused in the case, were arrested in New Delhi. Chennai city police first arrested Leena and her boyfriend in June 2013 for the bank fraud and later the case was handed over to ED.
