THE HALFAX HEIMDALL AUGUR

ED arrests two former executives of Reliance Anil Ambani Group The ED has taken transit remand of Sateesh Seth and Gautam Doshi, both of whom previously served as directors of Reliance Telecom Ltd., and is taking them to Delhi as the case is registered in the national capital, they said.

Reliance Group Executives Arrested: ED Investigates Loan Fraud ... Former Reliance executives are now in Enforcement Directorate custody as investigations deepen into a major loan fraud and money laundering scheme involving alleged siphoning of funds to shell companies. A Delhi court on Thursday sent former senior executives of Reliance Anil Ambani Group (RAAG) Amitabh Jhunjhunwala and Amit Bapna to five days of ED custody in an alleged bank loan fraud-linked money laundering case. The 24-page order stated the ED found that loan funds were allegedly siphoned to shell companies that the group itself "controlled". The order added that the digital evidence recovered by the Enforcement Directorate during the probe -- in the form of emails -- "crystalises" the role of the two arrested accused in siphoning loan funds worth crores of rupees. The federal probe agency arrested the two on Thursday under the Prevention of Money Laundering Act (PMLA) in an alleged bank loan fraud involving Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Ltd (RCFL). "... Taking into consideration the totality of facts and circumstances, five days custodial remand is granted to the Enf…

Ex-RCom execs Doshi & Seth arrested by ED in ADAG case ED’s case against Ambani and his group entities and associates is handled by a special investigation team constituted at the agency’s headquarters here. The duo, along with Amitabh Jhunjhunwala, who is in judicial custody, comprised the core leadership team of Ambani. Doshi was earlier arrested in 2011 by CBI in its 2G spectrum scam case and was behind bars for seven months before he was granted bail.

ED Arrests Two Former Directors Of Anil-Ambani's Reliance Group In ... Mumbai: The Enforcement Directorate (ED) on Friday arrested Satish Seth, the former Group Managing Director of the Reliance Anil Ambani Group and Vice-Chairman of Reliance Infrastructure . Seth was arrested in Mumbai, officials said. Seth was also former director of Reliance Telecom ED has been granted a transit remand for 48 hours. He will now be produced in Delhi court for further custody, according to officials. The agency also arrested another former executive of Anil Ambani Group ,Gautam Doshi, in the same matter. He was also former director of Reliance Telecom Breaking It Down What are the latest developments in the Reliance fraud investigations? How are the banks involved in the Reliance fraud cases? What actions has the Supreme Court taken regarding the Reliance cases? Created with AI. Errors are possible Doshi was also taken arrested in Mumbai. He is also being brought to Delhi. Both ED and Reliance Anil Ambani Group have not issued any official statement on the latest arrest. In June, the CBI had arrested another former top executive of Anil Ambani Group, Amitabh Jhunjhunwala in the bank fraud case. A…

ED arrest two former Reliance Group directors in money-laundering case Directorate of Enforcement (ED)Friday arrested Sateesh Seth and Gautam Bhailal Doshi, former directors of Reliance Anil Ambani Group (RAAG) under the provisions of the Prevention of Money Laundering Act(PMLA), 2002 in connection withongoing investigation into the RAAG. The agency said that Seth has been arrested in the offence registered against M/s Reliance Infrastructure Limited and others, while Gautam Doshi has been arrested in the offence against M/s Reliance Communications Ltd. & Ors. The agency said that Sateesh Seth has been associated with RAAG for a substantial period and has held the position of Group Managing Director, exercising control over key commercial and financial decisions of several group companies. He has also held directorships in multiple group companies engaged in infrastructure, power and allied sectors, the agency said. Sateesh Seth has occupied key Directorial and Managerial positions in M/s Reliance Infrastructure Limited since 2000. The agency added that Gautam Bhailal Doshi has also had a longstanding association with RAAG, where he acted as a Group Managing Director, exercis…

Former Reliance Anil Ambani Group Executives Held By ED June 12, 2026 22:48 IST The Enforcement Directorate has arrested former Reliance Anil Ambani Group executives Sateesh Seth and Gautam Doshi under the stringent Prevention of Money Laundering Act (PMLA) in a significant development. The Enforcement Directorate on Friday arrested two former executives of the Reliance Anil Ambani Group under the anti-money laundering law, officials said. Sateesh Seth and Gautam Doshi were taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) in Mumbai, they said. The ED is taking the arrested duo to Delhi on transit remand as the case is registered in the national capital, the officials said. The two previously served as directors in Reliance Telecom Ltd. More News Coverage From Rice To Rolls: 6 Types Of Homemade Sushi Fend Off Ageing: 7 Secrets To Keep Your Skin Young 8 Most Fascinating Barbie Dolls Ever

ED arrests two former Reliance Anil Ambani Group executives in money ... The case originates from a CBI investigation into an alleged Rs 114.98 crore fraud linked to a State Bank of India-led banking consortium loan to Reliance Telecom Ltd. The Enforcement Directorate on Friday arrested two former executives of the Reliance Anil Ambani Group (RAAG) under the Prevention of Money Laundering Act (PMLA) in Mumbai, officials said. The ED has taken transit remand of Sateesh Seth and Gautam Doshi, both of whom previously served as directors of Reliance Telecom Ltd., and is taking them to Delhi as the case is registered in the national capital, they said. ED charges former ADAG executives Jhunjhunwala, Bapna in PMLA case The Central Bureau of Investigation (CBI) had booked and raided the premises of the two in March as part of its investigation into an alleged loan fraud worth Rs 114.98 crore at the State Bank of India (SBI). "SBI was a member of the consortium of 11 banks which had sanctioned a total of Rs 735 crore Term Loan facility to Reliance Telecom Ltd," the CBI had said. The ED is understood to have taken cognisance of this CBI complaint and is investigating the roles of Set…

Sateesh Seth judicial custody: Delhi court remands ex-Reliance ... A Delhi court on Thursday remanded former Reliance Anil Ambani Group managing director Sateesh Seth to 14 days in judicial custody in a money laundering case linked to hawala money transfers. The court sent him to judicial custody till July 2 after the Enforcement Directorate completed his custodial interrogation. Vacation Judge Rashmi Gupta also allowed Seth to carry his glasses and medicines in jail as per a doctor’s prescription. The court directed jail authorities to take an appropriate decision on his request for a bed in line with the jail manual. Seth was produced before the court a day before the end of his six-day ED custody, which had been granted on June 14. The ED arrested him in a case arising from allegations that funds were siphoned abroad through hawala channels by creating fictitious bills against allegedly overvalued diamond imports. According to the agency, its investigation under the Prevention of Money Laundering Act identified Reliance Infrastructure Ltd as the main beneficiary of an alleged large-scale financial fraud involving the diversion of public funds from two National Highways Autho…

CBI Arrests Former CEOs of Two Anil Ambani Group Firms in Bank Fraud ... Legal Facebook Twitter Google+ Pinterest WhatsApp New Delhi — The Central Bureau of Investigation has arrested two former senior executives of Anil Ambani-led Reliance Group companies in connection with an alleged Rs 7,623 crore bank fraud. Those arrested are Devang Mody, former director and CEO of Reliance Commercial Finance Limited, and Ravindra Sudhalkar, former executive director and CEO of Reliance Home Finance Limited, the CBI said. The agency alleged that funds borrowed by RCFL and RHFL were diverted to other Reliance ADA Group companies, including Reliance Capital Limited, Reliance Infrastructure Limited and Reliance Power Limited. The alleged diversion caused combined losses of Rs 7,623 crore to public sector banks while benefiting the accused and related entities, according to the CBI. In the RCFL case, the agency alleged that 13 public sector banks suffered losses of Rs 4,097 crore. The RHFL case involves alleged losses of Rs 3,526 crore to 10 government-owned banks. Mody served as RCFL’s CEO from April 2017 to December 2018 and was responsible for managing the company’s operations, the agency said…

ED probe against Anil Ambani's Reliance Group - ThePrint Home Judiciary ED probe against Anil Ambani's Reliance Group: Why court remanded ex-MD recovering... Judiciary ED probe against Anil Ambani’s Reliance Group: Why court remanded ex-MD recovering from brain stroke Taking note of Sateesh Seth’s medical condition, court directs ED to ensure the diet prescribed by his doctor is followed. He must be examined medically every six hours, it adds. Khadija Khan 15 June, 2026 04:56 pm IST Facebook Twitter WhatsApp Linkedin ED logo Follow Us : Text Size: A- A+ New Delhi: After a late night hearing on Saturday, a Delhi court has granted six-day custody of former Reliance Anil Ambani Group executive Sateesh Seth to the Enforcement Directorate (ED) in connection with its money laundering probe. Additional sessions judge Vandana Jain said that the ED had complied with the requirements under the Prevention of Money Laundering Act, 2002 by supplying grounds of arrest to Seth before arresting him formally. The agency had clearly brought out the “need and necessity” to keep Seth in custody, it said. Show Full Article The former Reliance MD’s custody was required to trace the portion of proceeds …

Former Reliance Executives Arrested in Major Fraud Investigation A rrests Made in Connection with Reliance Telecom Fraud Case Mumbai: On Friday, the Enforcement Directorate (ED) apprehended Satish Seth, who previously held the position of Group Managing Director at the Reliance Anil Ambani Group and served as Vice-Chairman of Reliance Infrastructure. Advertisement The arrest took place in Mumbai, as confirmed by officials. Seth has also been a director at Reliance Telecom. The ED has secured a 48-hour transit remand for him, after which he will be presented in a Delhi court for further proceedings. In a related development, another former executive of the Anil Ambani Group, Gautam Doshi, was also arrested in Mumbai and is being transported to Delhi. Neither the ED nor the Reliance Anil Ambani Group has released any official comments regarding these arrests. Earlier in June, the CBI had taken into custody Amitabh Jhunjhunwala, another former high-ranking official of the Anil Ambani Group, in connection with the bank fraud investigation. Details of the Case: According to officials, the ED's investigation into money laundering is linked to an FIR filed by the CBI in March. This FIR w…

ED gets custody of ex-MD of Reliance Group Sateesh Seth ANI Mumbai: A special court here on Friday granted the Enforcement Directorate (ED) a two-day transit remand of businessman Sateesh Seth . Seth, former group managing director of Anil Ambani-led Reliance Group , has been arrested in a money laundering investigation by the agency in connection with a loan fraud case . "Considering the nature of accusation and the role played by the accused, there appears to be involvement of the accused in the crime," special judge DD Kurulkar observed while granting the transit remand. The court remanded Seth to ED custody till 11 am on June 14 and directed the agency to produce him before the competent court in Delhi within the stipulated period. Reliance Group, in a statement issued on Friday, clarified that Seth is no longer associated with the group. Seth, who served as director on the boards of several group companies, left the group in 2025, a spokesperson said. Live Events According to the court documents, Seth could not be produced before the court within 24 hours of his arrest because he had to be hospitalised following a medical emergency. Seth was then produced before the court thr…