Former BPSL chief Sanjay Singal arrested by ED

NEW DELHI : The Enforcement Directorate (ED) on Friday arrested former Bhushan Power and Steel Ltd (BPSL) CMD Sanjay Singal in connection with its probe in a multi-crore money laundering case linked to an alleged bank loan fraud. According to ED officials, Singal was arrested under the Prevention of Money Laundering Act (PMLA) after he was questioned for several hours in the evening in connection with the case.

Singal was placed under arrest as he was not cooperating in the probe and will be produced before a local court here on Saturday to seek further custody, an ED official said.

The ED recently attached assets worth ₹4,025 crore of BPSL in this case.