11 hrs ago
ED Arrests Sadhna Group Chief in ₹168 Crore Laundering Case
The Enforcement Directorate arrested Dr Rakesh Gupta, who leads Sadhna Group.
The agency is investigating a money-laundering case involving an alleged ₹168 crore in proceeds of crime.
Gupta was arrested on Friday night in Vasant Kunj.
He was brought before a court early Saturday.
The court ordered him to remain in ED custody for five days.
The judge said five days was justified, rather than seven, considering Gupta’s age and the tasks described.
The case began after Delhi Police’s Economic Offences Wing registered an FIR on September 29.
Sadhna Group operates Sadhna TV and related media networks.
The Enforcement Directorate arrested Sadhna Group chairman and managing director Dr Rakesh Gupta in a money-laundering case.
The case involves alleged proceeds of crime worth ₹168 crore.
Gupta was arrested at 10:25 p.m. Friday at Ishwar Farms in Vasant Kunj and appeared in court early Saturday.
A court remanded Gupta to five days of ED custody, rather than the seven days sought.
The ED case arose from a Delhi Police Economic Offences Wing FIR registered on September 29.
- Who
- Dr Rakesh Gupta, chairman and managing director of Sadhna Group, was arrested by the Enforcement Directorate.
- What
- He was arrested in a money-laundering case involving alleged proceeds of crime worth ₹168 crore and remanded to five days of ED custody.
- Where
- He was arrested at Ishwar Farms in Vasant Kunj and appeared before a court in Delhi.
- When
- Gupta was arrested at 10:25 p.m. on Friday and produced in court early Saturday; the underlying FIR was registered on September 29.
- Why
- The ED is investigating alleged money laundering and proceeds of crime; its case was registered on the basis of a Delhi Police Economic Offences Wing FIR.
Key facts
- Person arrested
- Dr Rakesh Gupta, 63
- Role
- Chairman and managing director of Sadhna Group
- Alleged proceeds of crime
- ₹168 crore
- Custody ordered
- Five days of Enforcement Directorate custody
- Arrest time and place
- 10:25 p.m. Friday at Ishwar Farms, Vasant Kunj
- FIR
- Registered by Delhi Police’s Economic Offences Wing on September 29
- Next court appearance
- The court order said Gupta should be produced again by 4 p.m. on October 15
Quotes
Additional Sessions Judge Saurabh Pratap Singh Laler
Judge who ordered Gupta’s remand in ED custody.
“Gupta was arrested at 10.25 pm on Friday at Ishwar Farms in Vasant Kunj and was produced before the court at 2.03 am on Saturday at a residential camp office – within two hours of the grounds of arrest being furnished, and within 24 hours of arrest.”
indianexpress.com
“Considering his age and the specific tasks shown, ED custody for five days instead of seven days is justified.”
indianexpress.com
Sources
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