Bhushan Steel ex-CMD Singal held in money laundering case

The Enforcement Directorate (ED) on Friday arrested former Bhushan Power and Steel Ltd (BPSL) CMD Sanjay Singal in a money laundering case related to an alleged bank loan fraud.

Officials said Singal was arrested under the Prevention of Money Laundering Act (PMLA) after he was grilled here in connection with the case.He will be produced before a designated court here on Saturday for seeking further custody, they said. Singal was was arrested as he was not cooperating in the probe and the agency will seek his custody for subjecting him to custodial interrogation, they said.The ED haD recently attached assets worth Rs 4,025 crore of BPSL.