New Delhi: The Enforcement Directorate has arrested businessman and Avantha Group of companies promoter Gautam Thapar in connection with a money laundering case, officials said on Wednesday.
Thapar, 60, was arrested under the Prevention of Money Laundering Act (PMLA) on Tuesday night here after the agency carried out raids against him and his linked businesses in Delhi and Mumbai, they said.
He is expected to be produced before a court on Wednesday where the ED will seek his custody, they added.
The ED has been probing an alleged transaction between his company Avantha Realty, Yes Bank co-founder Rana Kapoor and his wife, who are already being investigated under the PMLA by the agency.
The case of money laundering was filed by the ED after taking cognisance of an FIR lodged by the Central Bureau of Investigation (CBI).
“The (CBI) FIR alleges that Rana Kapoor, then MD and CEO of Yes Bank Limited, obtained illegal gratification in the form of a property in a prime…