ED Arrests Shine City Agent Durga Prasad in Money Laundering Case

The Enforcement Directorate (ED) has arrested Durga Prasad, a key agent involved in acquiring over 100 properties for the Shine City group, as part of an ongoing money laundering investigation against the real estate company. Prasad was summoned to appear in Lucknow, where he was arrested after verifying his credentials and establishing his involvement in the alleged crime.

The local PMLA court has granted six-day custody of the accused to the ED. The investigation is part of the ED’s probe into Shine City Group, which is accused of defrauding investors of approximately Rs 1,000 crore. The ED has attached properties worth Rs 128 crore in connection with the case and is seeking to extradite Rasheed Naseem, the owner of Shine City Group, from Dubai.