ED Arrests IREO Group Chairman Lalit Goyal in Money Laundering Case

The Enforcement Directorate has arrested Lalit Goyal, the chairman of real estate firm IREO, in a money laundering case. Last week, the realtor was held at the Delhi Airport as he attempted to board a flight out of the country.

The Enforcement Directorate, which probes financial offenses, has issued a lookout bulletin for Mr. Goyal.

Since 2010, IREO has been the focus of an inquiry into a case involving a violation of the Foreign Exchange Management Act (FEMA).