<p>New Delhi: The Enforcement Directorate has made its fifth arrest in a Rs 263 crore income tax refund fraud linked money laundering case investigation, the central agency said.</p>.<p>Purshottam Chavan was arrested on May 20, a day after the agency raided his premises in Mumbai.</p>.<p>Chavan has been sent to ED custody till May 27, the agency said in a statement issued on Wednesday.</p>.<p>The investigation pertains to alleged fraudulent generation and issuance of TDS (tax deducted at source) refunds from the Income-tax department to the tune of Rs 263.95 crore.</p>.Money laundering probe: ED raids ex-DPIIT secretary Ramesh Abhishek.<p>A CBI FIR is the basis of the ED's money laundering case.</p>.<p>Chavan tried to 'hamper' the investigation by 'destroying' evidence which could further lead to tracing of the proceeds of crime in this case, the ED alleged.</p>.<p>It said the agency officials seized a number of property documents, foreign currency and mobile phones when they raided Chavan's house.</p>.<p>The ED has earlier arrested the main accused and a former senior tax assistant Tanaji Mandal Adhikari, Bhushan Patil, Rajesh Shetty and Rajesh Brijlal Batreja in this case.</p>.ED raids Jharkhand rural development department premises.<p>Batreja and Chavan were "in touch regularly and shared incriminating messages related to hawala transactions and diversion of the proceeds of crime," the ED alleged.</p>.<p>Assets worth Rs 168 crore of various accused have been attached till now and a charge sheet was filed in September 2023 by the ED against Adhikari and ten others. </p>
<p>New Delhi: The Enforcement Directorate has made its fifth arrest in a Rs 263 crore income tax refund fraud linked money laundering case investigation, the central agency said.</p>.<p>Purshottam Chavan was arrested on May 20, a day after the agency raided his premises in Mumbai.</p>.<p>Chavan has been sent to ED custody till May 27, the agency said in a statement issued on Wednesday.</p>.<p>The investigation pertains to alleged fraudulent generation and issuance of TDS (tax deducted at source) refunds from the Income-tax department to the tune of Rs 263.95 crore.</p>.Money laundering probe: ED raids ex-DPIIT secretary Ramesh Abhishek.<p>A CBI FIR is the basis of the ED's money laundering case.</p>.<p>Chavan tried to 'hamper' the investigation by 'destroying' evidence which could further lead to tracing of the proceeds of crime in this case, the ED alleged.</p>.<p>It said the agency officials seized a number of property documents, foreign currency and mobile phones when they raided Chavan's house.</p>.<p>The ED has earlier arrested the main accused and a former senior tax assistant Tanaji Mandal Adhikari, Bhushan Patil, Rajesh Shetty and Rajesh Brijlal Batreja in this case.</p>.ED raids Jharkhand rural development department premises.<p>Batreja and Chavan were "in touch regularly and shared incriminating messages related to hawala transactions and diversion of the proceeds of crime," the ED alleged.</p>.<p>Assets worth Rs 168 crore of various accused have been attached till now and a charge sheet was filed in September 2023 by the ED against Adhikari and ten others. </p>