I-PAC Co-Founder Arrest: Unraveling a Money Laundering Web

Vinesh Chandel, I-PAC co-founder, was arrested by the Enforcement Directorate (ED) on charges of money laundering. The Delhi court granted a 10-day custody, citing Chandel's involvement in illegal financial activities, including the use of hawala channels and obstruction of investigation through evidence destruction.

In a significant development, the Enforcement Directorate (ED) has taken I-PAC co-founder Vinesh Chandel into custody for 10 days. The Delhi court's decision follows allegations of Chandel's involvement in multimillion-crore financial irregularities.

Chandel, who appeared before Additional Sessions Judge Shefali Barnala Tandon late on Monday, faces charges related to money laundering, including using hawala channels and unaccounted cash transfers. The court emphasized the seriousness of the allegations and the need for custodial interrogation.

The prosecution has charged that Chandel instructed the deletion of sensitive data post-ED searches, thereby hindering the investigation. The court ordered that Chandel be interrogated under surveillance to ensure compliance with legal procedures.