Agrawal was arrested by ED in New Delhi late Monday evening in connection with an alleged money laundering case.Modi said Agrawal has confessed to ED that shares of the firm were sold at the rate of Rs 100 in 2008, three years after the firm was closed, and purchased again at the rate of Rs 10 per share 11 months later.
"The Income Tax department had conducted searches on their premises last week". They said the summonses to Bharti and Kumar are part of the investigation and their statements will be recorded. I find it freaky that the I-T department has not said categorically that they are being called for the benami deals.
(Benami property are those in which the real beneficiary is not the one in whose name the property has been purchased).
The RJD chief earlier said he was "not scared at all" and would continue to fight against "fascist forces". Lalu ki awaz dabayenge to desh bhar me karoron Lalu khare ho jayenge.
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The arrest comes days after raids were conducted by the Income Tax department at 22 locations in Delhi, Gurugram on companies and people associated with Lalu.
In lieu of accommodation entry for Rs 62.20 crore, Jain brothers received a consideration of Rs 1.12 crore through Agrawal, he said.
"RJD MPs and MLAs have virtually got a stronghold on the Home Building Cooperative Society that is being run by none other than the RJD leader and MP Jaya Prakash Narayan Yadav".
Mr Yadav's official residence was the address of the owners of the firms allegedly floated by his family members, Ravi Shankar Prasad had said.