ED arrests two former executives of Reliance Anil Ambani Group

The Enforcement Directorate on Friday (June 12, 2026) 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 for Sateesh Seth and Gautam Doshi, both of whom were earlier directors of Reliance Telecom Ltd., and will take them to Delhi as the case is registered in the state capital, they said.

The Central Bureau of Investigation (CBI) booked and raided the premises of the two in March as part of its probe into an alleged ₹114.98 crore loan fraud at State Bank of India (SBI).

“SBI was a member of a consortium of 11 banks which sanctioned a total of ₹ 735 crore term loan to Reliance Telecom Ltd,” the CBI said.

The ED is understood to have taken cognizance of this CBI complaint and is probing the roles of Mr. Seth and Mr. Doshi in this bank loan fraud case.

Published – 13 Jun 2026 03:25 IST