The Enforcement Oversight Board has issued a circle of precaution against Lalit Goyal
New Delhi:
Lalit Goyal, president of real estate group IREO, has been arrested by Law Enforcement in a money laundering case.
The real estate agent was detained last week at Delhi Airport as he prepared to take a flight out of the country. The Directorate of Enforcement, which investigates financial crimes, has issued a watchdog circular against Mr. Goyal.
IREO has been under investigation since 2010 for a case involving a violation of the Foreign Exchange Management Act (FEMA).
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