The Enforcement Directorate (ED) has apprehended Amit Agarwal for allegedly orchestrating a money laundering scheme, funneling ₹697 crore to Hong Kong and Singapore via shell companies. Agarwal purportedly used fabricated documents to register these entities and open bank accounts. The ED is investigating the involvement of bank officials who may have overlooked due diligence procedures. The Enforcement Directorate (ED) has apprehended Amit Agarwal for allegedly orchestrating a money laundering scheme, funneling ₹697 crore to Hong Kong and Singapore via shell companies. Agarwal purportedly used fabricated documents to register these entities and open bank accounts. The ED is investigating the involvement of bank officials who may have overlooked due diligence procedures.
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