Port Blair, Oct 22 (PTI) The Enforcement Directorate (ED) on Wednesday arrested one more person in a money laundering case linked to an alleged Rs 500-crore cooperative bank fraud in the Andaman and Nicobar Islands, officials said.

The Port Blair-based hotelier was arrested for procuring hefty loans allegedly through fraudulent means for business purposes, they said.

"Today, we arrested Sanjay Lal and he was sent to judicial custody. Our team of officers from Kolkata is camping in Port Blair and further investigation is underway," the ED official said.

The agency had last month arrested former MP from Andaman and Nicobar Islands and Congress leader Kuldeep Rai Sharma along with two others in connection with the alleged scam.

The case pertains to an over Rs 500 crore worth "fraud" alleg

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