• ED arrests 2 in Sahara money launder case
    Times of India | 14 July 2025
  • Kolkata: ED on Saturday arrested two persons for their alleged role in money laundering by the Sahara Group. The accused —Vailaparampil Abraham and Jitendra Prasad Verma — played a "key role" in the money laundering process, the agency said. They have been remanded in ED custody till July 14.

    Abraham allegedly facilitated the sale of Sahara Group properties and helped to stash "substantial unaccounted" cash. Verma was also "actively involved" in executing several of these property transactions and knowingly assisted in routing the large cash proceeds generated from these transactions.

    During recent searches, ED found evidence that pointed to Sahara Group's properties being disposed of one by one in a "clandestine" way.

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