Chennai [Tamil Nadu], Jan. 6 (ANI
): A Central Bureau of Investigation ( CBI
) court on Friday sent Parasmal Lodha to three-day custody in regard to a money laundering case
Meanwhile, Delhi's Saket Court
today adjourned the hearing of the bail plea of Lodha for Saturday.
The matter was adjourned due to the absence of Lodha's lawyer.
Lodha was arrested on December 21 in connection with the recovery of large amount in new currency notes from a company belonging to Shekhar Reddy
and Advocate Rohit Tandon
of T and T law firm (in Delhi).
He was later sent to seven-day Enforcement Directorate
(ED) custody on December 22.
The Crime Branch and Delhi Police
had earlier on December 11 carried out raids at the office of his firm T&T Law and seized nearly Rs. 13.5 crore, of which Rs. 2.6 crore was in new banknotes released after demonetisation.
The lawyer had recently declared unaccounted income worth over Rs. 125 crore after searches were carried out against him.
A Kolkata-based real estate developer, Parasmal Lodha
, having stakes in mining, finance, consultancy and restaurant firms, is also known for his takeover of Peerless General Finance and Investment Company Limited, India's then largest non-banking financial institution, in 1991. (ANI