Archive · 7 Jan 2026
ED Arrests The Green Billions CEO in ₹50 Crore Case
The Enforcement Directorate (ED) in India has arrested Prateek Kanakia, the CEO of a company called The Green Billions Ltd.
He is accused of money laundering.
The ED says he took a ₹50 crore loan for a project to turn waste into energy but used the money for fancy cars, big houses, and a luxurious lifestyle instead.
The court has allowed the ED to keep him in custody until January 9 to question him more.
The case started when another agency, the CBI, investigated him in September 2024.
Prateek Kanakia, CEO of The Green Billions Ltd, arrested by the ED for money laundering.
Allegations involve a ₹50 crore loan fraud case linked to BECIL.
Funds allegedly misused for luxury vehicles, high-end properties, and lavish lifestyle.
Kanakia was initially booked by the CBI in September 2024.
Court remanded Kanakia to ED custody until January 9.
- Who
- Prateek Kanakia, CEO of The Green Billions Ltd
- What
- Arrested for money laundering in a ₹50 crore loan fraud case
- When
- Arrested on Monday evening, produced in court on Tuesday
- Where
- Mumbai, India
- Why
- Alleged misuse of funds for lavish lifestyle and property purchases
- Arrested Individual
- Prateek Kanakia
- Company
- The Green Billions Ltd (TGBIL)
- Alleged Crime
- Money Laundering
- Loan Amount
- ₹50 Crore
- Linked Company
- Broadcast Engineering Consultants India Ltd (BECIL)
- Project
- Waste-to-Energy Project in Pune
- Arrest Date
- Monday Evening
- Custody Duration
- Till January 9