The Enforcement Directorate (ED) has arrested two persons in the case of money laundering abroad. Authorities have arrested Deepak Agarwal and Aayush Goyal on charges of embezzling Rs 1,500 crore in software exports.
They are accused of diverting funds to China, Singapore, and Hong Kong. With the permission of the Visakhapatnam court, Deepak Agarwal was remanded in custody for a total of three days, while another accused, Ayush Agarwal, was also asked to be remanded in custody.
The Income Tax Department had earlier registered a case against Vaddi Mahesh following a complaint. According to sources, Mahesh had diverted funds belonging to Pramod Agarwal, Aayush Goyal, Vikas Gupta, and Vineet Goenka.
Also, VK Goyal has already been arrested. They have concluded that Mahesh had created fake companies and diverted the funds abroad.
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