ED Arrests Two in Unique Exports Investment Fraud Case; Court Sends Accused to 15-Day Judicial Custody
Chennai, September 29, 2026: The Enforcement Directorate (ED), Chennai, has arrested two individuals, S. Naveen Kumar and S. Muthuselvam, in connection with an ongoing money laundering investigation linked to an alleged investment fraud involving M/s Unique Exports and its associated entities.
According to the agency, both individuals were arrested on September 29, 2026, under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002. The arrests form part of the ED’s investigation into the financial transactions and activities associated with the alleged investment fraud case.
Following their arrest, Naveen Kumar and Muthuselvam were produced before the Hon’ble Special Court for PMLA cases. After hearing the matter, the court granted 15 days of judicial custody for both accused.
The ED’s investigation is focused on tracing the financial dealings connected with M/s Unique Exports and other linked entities and examining the alleged movement and handling of funds in the case. The agency is also expected to investigate the role of the arrested individuals and establish the broader financial trail as the probe progresses.
The arrests mark a significant development in the case, as the agency continues its investigation into the suspected financial irregularities. Further details regarding the alleged investment fraud, the nature of the transactions and the role of other individuals or entities may emerge as the investigation moves forward.
The case remains under investigation, and the allegations against the accused are subject to the outcome of the legal proceedings.
News source: Information for this article was gathered from a variety of reliable news outlets
