Key facts
- Businessman Sateesh Seth, former group managing director of Reliance Group, has been arrested by the Enforcement Directorate (ED).
- The arrest is part of a money laundering investigation linked to a loan fraud case.
- A special court in Mumbai granted the ED a two-day transit remand for Seth.
- Seth is to be produced before a Delhi court by June 14.
- Reliance Group stated Seth is no longer associated with them.
A special court in Mumbai has granted the Enforcement Directorate (ED) a two-day transit remand of businessman Sateesh Seth, who is under investigation for money laundering in connection with a loan fraud case. Seth, formerly the group managing director of Anil Ambani-led Reliance Group, was arrested by the agency.