Last Updated on April 14, 2026 3:42 pm by INDIAN AWAAZ
The Enforcement Directorate (ED) has arrested the Director of Indian PAC Consulting Private Limited (I-PAC), Vinesh Chandel, in a Money Laundering Case.
ED said that the investigation, initiated on the basis of an FIR registered by Delhi Police, has revealed multiple instances of financial irregularities and various modes of money laundering by I-PAC. It noted that this includes receipt of accounted and unaccounted funds, receipt of unsecured loans without any business credentials, issuance of bogus bills and invoices, receipt of funds from third parties, and movement of cash through hawala channels, including international hawala. ED added that the investigation further revealed that I-PAC is involved in laundering proceeds of crime to the tune of multiple crores.
After his arrest, Mr. Chandel was produced before the Patiala House Courts in Delhi, where the court granted the ED 10 days of custody. Further investigation is under way.