Based on specific intelligence, officers of the
Serious Fraud Investigation Office
in collaboration with Mumbai Police arrested Nalin Prabhat Panchal, a chartered accountant, on September 13, for failure to honour the summons issued in connection with the prosecution of
Nityank Infrapower and Multiventures
officers conducted investigation into the affairs of the
for its role during the demonetisation period and launched prosecution against the company and individuals before the special court VIII Addl. Metropolitan Sessions Judge, Hyderabad, according to a statement.