The Money Laundering Investigation Department (MLID) released Agrawal on Sunday to appear when summoned.
We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
Shankar Group Chairman Shankarlal Agrawal, who was arrested on money laundering charges, has been released on bail. The Money Laundering Investigation Department released Agrawal on Sunday to appear when summoned. His son, Sulabh Agrawal, the director of Shankar Group, is in the department's custody on the same charge. According to the department's Director General Gajendra Thakur, Agrawal has been released on bail and a 10-day remand has been sought from the court to keep Sulabh in custody for investigation. The department had arrested Shankarlal on Friday. After his arrest, Sulabh, the chairman of Jagdamba Holdings, whose son is also a businessman, absconded and was also caught on Sunday. After the arrest of Infinity Holdings Chairman Deepak Bhatt, the directors of Shankar Group were also dragged into the money laundering investigation related to suspicious transactions linked to him. The department said that it is conducting a detailed investigation into the case.
