ED detains IREO's MD Lalit Goyal in money laundering probe

The Enforcement Directorate (ED) has detained the vice chairman and managing director of real estate group IREO in connection with a money laundering probe against him. Lalit Goyal was stopped by immigration authorities at the Indira Gandhi International Airport in Delhi on the basis of an ED lookout circular. The businessman is being probed in relation with a money laundering case linked to alleged diversion of an estimated USD 77 million of home buyers' funds, investments and shareholdings to some offshore entities.