The Enforcement Directorate has arrested the managing director of an Odisha-based company that allegedly ran a “fake” bank guarantee issuance racket for business groups, including providing an alleged ...

The Enforcement Directorate (ED) has arrested Partha Sarathi Biswal, Managing Director of Odisha-based Biswal Tradelink, for alleged involvement in a 'fake' bank guarantee racket.

This action was taken despite opposition from both the governor of California and mayor of Los Angeles, in response to ...