IREO’s Mastermind Unmasked: ED Arrests Managing Director Exposing Vast Money Laundering Network

ED arrests IREO’s boss for money laundering and alleged bribery—more arrests in corruption involving judges and realty groups.

On Tuesday, IREO’s Managing Director, Lalit Goyal, was arrested by the Enforcement Directorate (ED) in a money laundering case (the fourth arrest made by the ED in this case within a month). It is alleged that Lalit Goyal was involved in bribing a suspended judge based in Panchkula. The ED, a federal probe agency, took him into custody in Gurugram under the Prevention of Money Laundering Act (PMLA).

Lalit Goyal will be presented before a special court on Wednesday, where the ED will seek his remand. The case originated from an FIR filed by the Haryana Police’s Anti-Corruption Bureau against former judge Sudhir Parmar, his nephew Ajay Parmar, and Roop Kumar Bansal, the promoter of another real estate group called M3M, among others.

According to the FIR filed by the Anti-Corruption Bureau, Parmar was accused of favouring the accused individuals, including Roop Kumar Bansal, Basant Bansal, and Lalit Goyal, in criminal cases pending against them in his court.

It’s worth noting that Lalit Goyal had been previously arrested by the ED in 2021 in connection with another money laundering investigation.

The Enforcement Directorate’s actions demonstrate their commitment to investigating financial crimes and ensuring those involved face legal consequences. Money laundering is a serious offence, and the authorities are working diligently to uncover any instances of corruption and bribery.