New Delhi: The ED on Sunday conducted multiple searches in Delhi-NCR in connection with its probe into two money laundering cases and arrested a person in the Noida ''Bike Bot'' ponzi scheme, officials said.
The raids were carried out at six locations in Delhi, Noida, Ghaziabad and Hapur by officials from Enforcement Directorate's (ED) Lucknow zone.
ED Joint Director (Lucknow zone) Rajeshwar Singh confirmed the search action in the two cases -- ''Bike Bot'' case and the money laundering investigation against real estate major Amrapali Group.
In the first case, the agency said it searched four premises and arrested former director of F7 Broadcast Pvt Ltd, Manoj Tyagi, under the provisions of the Prevention of Money Laundering Act (PMLA).
His role is under scanner in the ''Bike Bot'' case linked to its promoter company Garvit Innovative Promoters Ltd.
The agency also searched the premises linked to Anil Kumar Saha, promoter and director of Saha Infratech Pvt Ltd, in the same case.
"The two companies have been found to have received crores of rupees from the funds collected from Bike Bot investors towards investment in real estate and otherwise, without any proper agreement or documentation.
"Several incriminating documents, electronic devices and Rs 9.5 lakh cash have been seized during the raids," the ED said.
Tyagi will be produced before a special PMLA court in Lucknow on Monday by the ED for seeking his custody, the officials said.
"Tyagi is a close associate of one of the main accused in the case, Vijender Singh Hooda, and has been arrested for facilitating financial transactions running into several crores of rupees and concealing material facts related to the case and misleading the agency," the ED alleged.