Ex-RCom execs Doshi & Seth arrested by ED in ADAG case | India Information
NEW DELHI: ED Friday arrested Gautam Doshi and Satish Seth, former prime executives in Reliance Telecom and shut associates of Anil Ambani, in its ongoing cash laundering probe towards Ambani’s Reliance group entities.Doshi and Seth have been arrested in Mumbai. Whereas Doshi was dropped at Delhi to be offered earlier than a particular PMLA courtroom; Seth, after arrest, was hospitalised at JJ Hospital in Mumbai.“Medical doctors who’re treating the accused weren’t permitting ED to bodily produce him earlier than courtroom. Therefore, ED moved utility looking for permission to supply him on video convention,” it mentioned. Later, a Mumbai courtroom despatched Seth to ED custody for 2 days with transit remand to be produced earlier than a Delhi courtroom on June 14.ED’s case towards Ambani and his group entities and associates is dealt with by a particular investigation workforce constituted on the company’s headquarters right here.The duo, together with Amitabh Jhunjhunwala, who’s in judicial custody, comprised the core management workforce of Ambani. Doshi was earlier arrested in 2011 by CBI in its 2G spectrum rip-off case and was behind bars for seven months earlier than he was granted bail.In March, CBI had registered a contemporary anti-corruption FIR towards Seth and Doshi for financial institution fraud of over Rs 100 crore, and had additionally searched their premises in Mumbai. The company had additionally questioned the three executives on a grievance filed by SBI, which was the lead financial institution in a consortium of 11 banks that had lent to Reliance Telecom.Seth served as MD of Ambani’s Reliance Communications, vice-chairman of Reliance Infrastructure Ltd and a board member of Reliance Telecom Ltd (RTL). Doshi was group MD and a board member of RTL. Jhunjhunwala, who was the primary to be arrested by ED, was additionally a bunch MD and served as vice-chairman of Reliance Capital.In an announcement, a spokesperson for Ambani had instructed TOI earlier that the three former executives have been not related to Reliance group. Jhunjhunwala, earlier than his arrest, was an unbiased fund supervisor with operations in Dubai and Singapore, whereas Seth was engaged in actual property and software program ventures. Doshi was concerned with a tax and mergers & acquisitions advisory agency, along with serving on the boards of main corporations corresponding to Sterlite Industries, Solar Pharma, Suzlon Power and Piramal Enterprises, based on the spokesperson.
