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The Enforcement Directorate (ED) has arrested two former executives of the Reliance Anil Ambani Group as part of an ongoing money laundering investigation. Sateesh Seth and Gautam Doshi were taken into custody in Mumbai on Friday under the provisions of the Prevention of Money Laundering Act (PMLA). The agency is seeking to move the accused to Delhi on transit remand as the case has been registered in the national capital. Both individuals previously served as directors of Reliance Telecom Ltd. The arrests mark a development in the ED’s ongoing investigation being conducted under India’s anti-money laundering framework.
The Enforcement Directorate (ED) on Friday arrested two former executives of the Reliance Anil Ambani Group in connection with a money laundering investigation being conducted under the Prevention of Money Laundering Act (PMLA).
The agency took Sateesh Seth and Gautam Doshi into custody in Mumbai as part of the ongoing probe. According to officials, the arrests were carried out under the provisions of the PMLA, which empowers the ED to investigate offences related to the laundering of proceeds of crime.
Following their arrest, the agency initiated proceedings to bring the two accused to Delhi, where the case has been registered. Officials said the ED is seeking transit remand to facilitate their transfer from Mumbai to the national capital for further legal proceedings and investigation.
Seth and Doshi previously served as directors of Reliance Telecom Ltd, a company that was part of the Reliance Anil Ambani Group. The agency has not publicly disclosed additional details regarding the specific allegations linked to the arrests.
The Enforcement Directorate is the central agency responsible for enforcing provisions of the Prevention of Money Laundering Act and investigating financial crimes involving the alleged concealment, transfer or use of proceeds generated through unlawful activities.
The arrests represent the latest procedural step in the agency’s investigation, with further action expected to be subject to judicial proceedings and the outcome of the ongoing probe.
Officials confirmed that the case is being handled from Delhi, necessitating the transfer of the accused to the national capital. The agency is expected to present the arrested individuals before the appropriate court after securing the required transit remand.
No further details regarding the investigation, charges or related proceedings were immediately available. The matter remains under investigation.
Source - PTI
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