The Enforcement Directorate (ED) arrests Satish Seth, the former director of Reliance Telecom, and plans to produce him before a Delhi court, according to NDTV. The ED action follows earlier activity by the Central Bureau of Investigation (CBI) in March, when CBI booked a case and carried out raids at Seth’s premises as part of an investigation into an alleged loan fraud involving State Bank of India (SBI). The alleged fraud is reported to involve loan transactions worth Rs 114.98 crore. NDTV reports that the ED has taken Seth into custody and will present him in a Delhi court, where further legal proceedings will take place. The coverage describes the ED case as connected to the broader investigation into the purported SBI loan fraud, with the CBI’s March booking and raids forming part of the background to the current arrest. No additional details about charges, evidence, or Seth’s response are provided in the supplied material.
ED arrests ex-Reliance Telecom director Satish Seth in SBI loan fraud probe
The Enforcement Directorate (ED) arrests Satish Seth, the former director of Reliance Telecom, and plans to produce him before a Delhi court, according to NDTV. The ED action follows earlier activity...
- The ED arrests Satish Seth, a former director of Reliance Telecom.
- Seth is to be produced in a Delhi court.
- The CBI previously booked and raided Seth’s premises in March.
- The investigation relates to an alleged SBI loan fraud.
- The reported alleged loan amount is Rs 114.98 crore.
The CBI has booked and raided Seth's premises earlier in March as part of its investigation into an alleged loan fraud worth Rs 114.98 crore at the State Bank of India (SBI).
2 months agoThe CBI has booked and raided Seth's premises earlier in March as part of its investigation into an alleged loan fraud worth Rs 114.98 crore at the State Bank of India (SBI).
2 months ago
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