New Delhi: Days after the arrest of promoter of M3M group Roop Kumar Bansal, the Directorate of Enforcement (ED) has arrested Basant Bansal in an alleged money laundering case, the sources said on Thursday.
The ED is investigating M3M group for allegedly diverting, siphoning off and misappropriating funds of investors and customers.
The ED initiated a probe on the basis of FIRs registered against the IREO group. The investigation done by the federal probe agency showed that huge amounts of money running to hundreds of crores were allegedly siphoned off through M3M group also, the ED, earlier in a statement, said.
The probe agency allegedly found money laundering of huge amounts by the M3M group and the IREO group, ED earlier claimed in a statement.
