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ED arrests promoter of Mumbai company for duping flat buyers

The agency claimed its investigation found that the company and its directors duped multiple persons in the guide of selling flats.

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The Enforcement Directorate (ED) on Friday said it has arrested the director of a Mumbai-based company on money laundering charges over allegations that the firm duped numerous flat buyers of around Rs 50 crore.

Gopal Amarlal Thakur, director of the Monarch Universal Group, was arrested on Thursday in Mumbai and produced before a special Prevention of Money Laundering Act (PMLA) court there on Friday.

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