The Enforcement Directorate (ED) on Monday arrested Deepak Kulkarni, an associate of fugitive jeweller Mehul Choksi in connection with the Punjab National Bank (PNB) money laundering case.
Deepak Kulkarni was an executive of a ‘dummy’ firm in Hong Kong owned by the Choksi. Kulkarni was arrested from Kolkata airport on his way back from Hong Kong.
Kulkarni was charged under the Prevention of Money Laundering Act (PMLA) and is likely to be presented in the court on Tuesday. According to officials, the ED will seek his transit remand to take him to Mumbai, where the case was registered.
Mehul Choksi had fled the country on January 4, 2018 after he was convicted in the USD 2-billion PNB fraud case. Choksi is the maternal uncle of Nirav Modi, the main accused in the PNB money laundering case.
Nirav Modi and Mehul Choksi fled the nation earlier this year and has been undercover since then. Various charges have been levied on the duo including that of money laundering and fugitive.