Enforcement Directorate arrests Kotak Bank manager for alleged links

The Enforcement Directorate on Wednesday morning arrested a manager of the Kotak Mahindra Bank for his alleged links with hawala trader Parasmal Lodha and Delhi-based lawyer Rohit Tandon.

Sources in the ED said that Ashish Kumar, the manager at the Kasturba Gandhi Marg branch of the bank, was arrested for allegedly converting over Rs 25 crore in demonetised notes linked to industrialist J. Sekhar Reddy and lawyer Rohit Tandon.