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The managing director of Bihar-based builder, Anil Kumar Singh, has been arrested by the ED under the Prevention of Money Laundering Act (PMLA) in a cheating case.

The Enforcement Directorate (ED) has arrested Anil Kumar Singh, the managing director of Bihar-based Patliputra Builders Limited and other group companies, under the Prevention of Money Laundering Act (PMLA), in a cheating case.

The ED initiated its investigation based on FIRs and charge sheets filed by the Patna Police under the Indian Penal Code and the Arms Act against Anil Kumar Singh.

He has been accused of defalcation of public money and non-allotment of flats to the buyers even after receiving money for allotment of flats.

"During the investigation by ED, proceeds of crime have been identified and quantified at Rs 6 crore. Throughout the investigation, Anil Kumar Singh has resorted to non-cooperation with the investigation and has not divulged any truth or information," said the ED.

Earlier, the ED conducted searches at premises linked to Anil Kumar Singh.

An Income-Tax department search on Anil Kumar Singh had allegedly revealed properties worth over Rs 25 crore linked to him.

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