Advertisement
They said Merchant was arrested under the provision of Prevention of Money Laundering Act (PMLA) on Monday night here.
He will be produced before a special court here for further custody, they said.
Merchant is stated to be an aide of late gangster Iqbal Mirchi, a close associate of global terrorist Dawood Ibrahim.
Related Articles
Advertisement
The central agency has arrested two other people in this case early this month.
Senior NCP leader Praful Patel has also been grilled by it in the case last week.