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ED arrests Kotak Mahindra Bank manager

The Enforcement Directorate on Wednesday morning arrested a manager of the Kotak Mahindra Bank for his alleged links with hawala…

ED arrests Kotak Mahindra Bank manager

(Photo: Getty Images)

The Enforcement Directorate on Wednesday morning arrested a manager of the Kotak Mahindra Bank for his alleged links with hawala trader Parasmal Lodha and Delhi-based lawyer Rohit Tandon.

Sources in the ED said that the branch manager, Aakash, was arrested for allegedly converting over Rs.25 crore in demonetised notes linked to industrialist J Sekhar Reddy and lawyer Rohit Tandon.

On December 23, the Income Tax department also carried out raids at the bank branch here.

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Akash, a resident of Haryana, would be produced in a Delhi court on Wednesday afternoon. 

Lodha, a leading businessman with interests in real estate and mining, was intercepted at the Mumbai airport while he was trying to flee to Malaysia.

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