Enforcement Directorate arrested Lalit Goyal in a money laundering case


Posted on 16 November 2021


For Illustration Purpose Only.


The Enforcement Directorate has arrested Lalit Goyal, the vice chairman of real estate firm IREO, in a money laundering case. Last week, the tycoon was arrested at Delhi Airport as he was preparing to board a flight to the United States. The Enforcement Directorate, which probes financial offences, has issued a lookout bulletin for Mr Goyal. On Thursday, Mr Goyal was detained and questioned at the airport. He was arrested because he was "evasive," according to officials. Since 2010, IREO has been the subject of an inquiry into a case involving a violation of the Foreign Exchange Management Act (FEMA). The firm is accused of transferring $77 million in homebuyer funds, investments, and stock holdings to an offshore trust.


Key Points


  • The Enforcement Directorate has arrested Lalit Goyal, the vice chairman of real estate firm IREO, in a money laundering case.

  • The firm is accused of transferring $77 million in homebuyer funds, investments, and stock holdings to an offshore trust.