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Ramanand Agarwal, the owner of Devi Iron and Power Limited, and his employee B K Goswami were arrested for tax-evasion of Rs 5.5 crore, they said.
According to the sources, Aggarwal had not revealed the production of 32,000 tonne goods manufactured by his company.
After his arrest, Aggarwal fell ill following which he has been admitted to a hospital.


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