IL&FS case: Court extends ED custody of two former officials by 3 days

Saha and Ramchand were the first to be arrested in the case related to the alleged irregularities at IL&FS

A special court here Tuesday extended the ED custody of two former IL&FS officials, arrested for their alleged role in money laundering for the crisis-hit infrastructure lender, by three days.

IL&FS' former joint managing director, Arun K Saha, and its transportation network MD, K Ramchand, were further remanded in the custody of the Enforcement Directorate by the court under the Prevention of Money Laundering Act (PMLA) till June 28.

The two were produced before the special court judge P P Rajvaidya after the end of their previous remand.

Seeking further custody, the ED told the court that it has recorded