A Delhi court on Monday remanded Vinesh Chandel, a director at the political consultancy Indian Political Action Committee (I-PAC), to 10 days of Enforcement Directorate (ED) custody. The ED had sought his custody for interrogation in a money laundering case.
The federal agency arrested Chandel on April 13 under the Prevention of Money Laundering Act (PMLA). According to the ED, Chandel is a founder and shareholder of PAC Consulting Private Limited, a firm allegedly involved in the generation and laundering of proceeds of crime.
The case originates from a First Information Report (FIR) filed by the Delhi Police. The ED's investigation alleges that PAC Consulting Pvt Ltd received funds from various companies and individuals, which were then layered through multiple accounts and used for personal gains and election campaigning.
The court granted the ED's custody plea, allowing the agency to question Chandel until April 23. The defense argued for bail, claiming the arrest was illegal and that Chandel had cooperated with the investigation, but the court denied the request.
