ED Arrests I-PAC Director Vinesh Chandel in Multi-Crore Money Laundering Probe

April 14, 2026 : The Enforcement Directorate has arrested Vinesh Chandel, Director of Indian PAC Consulting Private Limited (I-PAC), in connection with a money laundering investigation involving alleged financial irregularities running into multiple crores.

According to the ED, the probe was initiated based on a First Information Report (FIR) registered by the Delhi Police. The agency stated that its investigation has uncovered several instances of suspected financial misconduct and complex laundering mechanisms.

The ED alleged that I-PAC received both accounted and unaccounted funds, including unsecured loans from entities lacking credible business backgrounds. The investigation also points to the use of bogus bills and invoices, routing of funds through third parties, and the movement of cash via hawala channels, including international networks.

Further, the agency claims that the company was involved in laundering proceeds of crime amounting to several crores of rupees.

Following his arrest, Chandel was produced before the Patiala House Courts in Delhi. The court granted the ED 10 days of custodial remand for further interrogation.

The investigation is ongoing, with the agency expected to examine additional financial trails and possible links.