The Enforcement Directorate (ED) has secured custody of two former Managing Directors, Sateesh Seth and Gautam Bhailal Doshi, of Reliance Anil Ambani Group (RAAG) as part of its ongoing money laundering investigation involving Reliance Infrastructure Ltd and Reliance Communications Ltd.
The latest development came after the ED produced both former executives before special PMLA courts, which allowed their custodial interrogation. The arrests had been made earlier on June 12 under the Prevention of Money Laundering Act (PMLA).
Seth sent to 6-day ED custody, Doshi gets 5 days
According to the ED, Sateesh Seth was first produced before the Special Court (PMLA), Greater Mumbai, where the agency obtained his transit remand.
He was later produced before the Special Court (PMLA), Dwarka, New Delhi, which sent him to ED custody for six days.
Gautam Bhailal Doshi was produced before the Special Court (PMLA), Rouse Avenue, New Delhi, and the court granted the ED five days of custody.
Reliance Group says both left the organisation
Reacting to the development, a Reliance Group spokesperson said that “Seth (age 70 years) and Doshi (age 73 years) are not associated with the Group”.
The spokesperson added, “Seth served the Group as a Group Managing Director and as a Director on the Boards of several companies. Seth left the Group in 2025. Gautam Doshi served the Group as a Group Managing Director and as a Director on the Boards of several companies, both within and outside the Group. Doshi left the Group six years ago, in 2020.”
ED probe into alleged financial irregularities
The ED said Sateesh Seth was arrested in the ECIR against Reliance Infrastructure Limited and others, while Gautam Bhailal Doshi was arrested in the ECIR against Reliance Communications Ltd. and others.
The agency said Seth had held key positions in RAAG for a long period and was involved in major commercial and financial decisions across group companies.
The ED stated, “Sateesh Seth has been associated with RAG for a substantial period and has held the position of Group Managing Director, exercising control over key commercial and financial decisions of several group companies. He has also held directorships in multiple group companies engaged in infrastructure, power and allied sectors. Sateesh Seth has occupied key Directorial and Managerial positions in Reliance Infrastructure Limited since 2000.”
Probe alleges role in siphoning of funds
The ED alleged that Seth was involved in siphoning of public funds linked to road construction projects undertaken by Reliance Infrastructure Ltd.
The agency further said Doshi, during his association with RAAG, handled areas including taxation, planning, compliance and risk management.
According to the ED, Doshi played a role in creating a corporate structure allegedly used for siphoning proceeds of crime from Reliance Communications Limited and Reliance Telecom Limited.