Overview
- The Enforcement Directorate said it arrested Nishant Sareen on October 9, 2025 under the Prevention of Money Laundering Act.
- The ED action follows a State Vigilance and Anti-Corruption Bureau FIR, after which Sareen was earlier arrested and charge-sheeted with associate Komal Khanna.
- Investigators allege he misused his regulatory post to solicit bribes and personal favours from pharmaceutical company owners, generating illicit proceeds beyond known income.
- ED searches in June and July seized two vehicles worth about Rs 32 lakh, gold and jewellery worth about Rs 65 lakh, and roughly Rs 2.23 crore across 48 bank accounts and FDRs linked to him and family members.
- Separate FIRs allege disproportionate assets of Rs 1.66 crore and a forged Zhenia Pharmaceuticals partnership that increased an associate’s stake to 95%, with the ED saying further tracing of beneficiaries is underway.