The law enforcement agency and economic intelligence agency, Directorate of Enforcement (ED) on Tuesday 19th January confirmed that they have arrested Narendra Kumar Patel.
Patel is the director of M/s Jay Ambe Gowri Chemical Limited. ED has arrested Narendra under the Prevention of Money Laundering Act, 2002.
Department also said that Hon’ble PMLA Special Court, Nampally, Hyderabad has granted 10 days of Custody to ED in Narendra Kumar case.
ED on Twitter wrote,” ED arrests absconding accused in Bank fraud case Narender Kumar Patel, Director of M/s Jay Ambe Gowri Chem Limited, under PMLA. Hon’ble PMLA Special Court, Nampally, Hyderabad grants 10 days of ED Custody.”