The Economic Offence Wing (EOW) of Delhi Police has said it has arrested the former managing director of Infrastructure Leasing & Financial Services Ltd (IL&FS) Ramchand Karunakaran in connection with the alleged cheating and siphoning of money.

Karunakaran, who was on bail in connection with an earlier case of alleged misappropriation of money in 2019, was arrested from Mumbai for an alleged siphoning of around Rs 100 crore.