TOPSGRUP’S senior employee M Shashidharan was arrested by the Enforcement Directorate in the money laundering case in which Shiv Sena MLA Pratap Sarnaik has also been named.
According to ED, Shashidharan was helping in transferring large amount of money to Rahul Nanda (chairman of the company) abroad. He is also suspected to be involved in a MMRDA deal involving money laundering with Nanda.
This is a second arrest by ED in the Topsgrup case. Earlier last month, Amit Chandole, a business associate of Shiv Sena MLA Pratap Sarnaik was also arrested.
Shashidharan is the same person who on behalf of Nanda has filed an FIR with Mumbai Police recently against TOPSGRUP’s ex-vice president Ramesh Iyer (the complainant in ED case) and others for financial irregularities by cheating and forgery. The Mumbai EOW is now investigating the case.