Lodha was arrested on December 21 and later the court had sent him to seven-day ED custody on December 22. Lodha is a Kolkata based real estate developer who has a stake in mining, consultancy and finance firms. He is alleged to be close to Chennai based sand mining tycoon J Sekhar Reddy who was arrested by the CBI. It is suspected that Reddy during his questioning gave out the name of Lodha.
OneIndia News (with PTI inputs)