Rohit Tandon, a Delhi lawyer investigated for money laundering after a massive stash of crores was found during raids in his office, has been arrested by the Enforcement Directorate.
Mr Tandon is accused of laundering nearly 70 crores of black or untaxed money since the notes ban last month. In October, he had reportedly declared an unaccounted income of 125 crores to taxmen after raids at his home and office.
After a tip-off, officials searched his office again on December 10 and found nearly 14 crores in cash, including over two crores in brand new 2,000-rupee notes. Mr Tandon was not in at the time; he reportedly saw and tracked the raid on CCTV camera on his phone.
Mr Tandon, during questioning, claimed he can account for the money and some of it belongs to clients.
A manager of the Kotak Mahindra Bank was also arrested yesterday for allegedly helping both Mr Tandon and Mr Reddy convert over 25 crores in old notes.
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