Overview

• Sudhanshu Dwivedi was arrested on June 2 under the Prevention of Money Laundering Act following an FIR by Mumbai Police.
• He was produced before a Special PMLA Court and remanded in Enforcement Directorate custody until June 9.
• May 27 searches at properties linked to Dwivedi yielded movable assets, documents and digital devices crucial to the money trail.
• The probe alleges he promised high returns on commodity investments, initially delivering grains before halting supplies and siphoning off investor funds.
• Nearly Rs 96.68 crore is believed to have been funneled through family-linked shell companies to disguise illicit proceeds.