ED arrests company promoter for Rs 137 crore fraud

Mumbai, Nov 20 (IANS) The ED’s Mumbai unit has arrested a company’s promoter who, along with others, embezzled Rs 137 crore using fake Haryana agro deals purportedly for the 'Need to Feed program' of an NGO.

The Directorate of Enforcement (ED), Mumbai Zonal Office, arrested Ushik Gala, promoter of Suumaya Group of companies, under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002.