Overview
- The Enforcement Directorate detained former Reliance Telecom directors Satish/Sateesh Seth and Gautam Doshi in Mumbai on Friday and is bringing them to Delhi on transit remand for a PMLA case registered there.
- The ED said the arrests flow from CBI FIRs filed in March by SBI and other lenders that allege conspiracy and cheating in loans to Reliance Telecom, including a cited wrongful loss to SBI of Rs.114.98 crore.
- In May the ED provisionally attached assets worth about Rs.3,034.90 crore in the Reliance Communications bank‑fraud matter, taking total RAAG‑case attachments to over Rs.19,344 crore as part of recovery efforts.
- The arrests follow earlier investigative steps in the same probe, including CBI searches and the June arrest of former executive Amitabh Jhunjhunwala, and involve a Special Investigation Team set up on Supreme Court directions.
- Neither the ED nor the Reliance Anil Ambani Group has issued an official statement on the new arrests and the coming Delhi court custody hearings will shape whether the agency can press prosecutions and advance asset recovery.