I-PAC director Vinesh Chandel was remanded in 10-day Enforcement Directorate (ED) custody, amid allegations of ₹50 crore money laundering.
Chandel was arrested in connection with a money laundering probe linked to alleged illegal mining and transportation of coal in West Bengal.
The ED initiated the investigation based on a Delhi Police case and found multiple instances of I-PAC's financial irregularities, including receipt of accounted and unaccounted funds, issuance of bogus bills, and movement of cash through hawala channels.
The agency alleged that around ₹20 crore in proceeds of crime generated in the alleged coal mining racket were transferred through hawala channels to I-PAC.
