Enforcement Directorate (ED) has arrested Kewal Krishan Kumar, CMD of Shakti Bhog Foods Limited under the provisions of Prevention of Money-laundering Act. This arrest was in continuation of search which has been carried out at nine premises located in Delhi and Haryana. During search various incriminating documents and digital evidence have been recovered.
Enforcement Directorate initiated money-laundering investigation on the basis of FIR registered by CBI against Kewal Krishan Kumar and unknown others, for criminal conspiracy, cheating and criminal misconduct.
AIR correspondent reports, the allegations against the accused include diversion of funds from loan accounts by round-tripping of funds through related entities and siphoning of funds was being done by way of suspicious sale and purchase from various entities.