ED arrests NRI businessman Thampi under Prevention of Money Laundering Act

The Enforcement Directorate has arrested NRI businessman C C Thampi under the Prevention of Money Laundering Act (PMLA). He was being probed for alleged forex violations of over 1,000 crore rupees and other charges, under the anti-money laundering law.

He is expected to be produced before a court today for further custody. The Central agency has been probing Thampi in a case of purchase of property in Kerala



in alleged contravention of the Foreign Exchange Management Act (FEMA). A show-cause notice of over Rs 1,000 crore was slapped by the ED against him in 2017. The Dubai-based businessman has also been summoned by the agency in the past for questioning on his alleged links with Robert Vadra, son-in-law of Congress President Sonia Gandhi, and absconding arms dealer Sanjay Bhandari.