A special court dealing with cases under the Prevention of Money Laundering Act (PMLA) in Mumbai on Monday sent a man to 14-day judicial custody in a Rs 263-crore income tax refund fraud linked money laundering case investigation, reported news agency PTI.

Citing its investigation, the Enforcement Directorate said there is reason to believe that the person, Purshottam Chavan, is guilty of the offence of money laundering in the income tax refund fraud case. He is 'actively involved in crime' and played a 'crucial role' at various stages in laundering the proceeds of crime, said ED, reported PTI.