New Delhi, July 13: The Enforcement Directorate has arrested a Delhi-based Chartered Accountant Alok Kumar Agarwal under the Prevention of Money Laundering Act, 2002.
Alok Kumar Agarwal is Chairman of Alankit Group, which is engaged in providing various services including Equity Broking/Commodity Broking, Depository Participant, GST Suvidha Centre, PAN Centre & TIN Facilitation Centre etc.
The allegations against the accused include routing of proceeds of crime involved in the impugned investigations through his group entities based in India and Dubai.
He facilitated cross border transfer of proceeds of crime (approximately Rs 40 crore identified so far) to India from Dubai for a monetary consideration.
Investigations are underway to identify all the other beneficiaries of the illegal money exchange module (Hawala) being operated by him.
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