3 weeks ago

ED arrests insolvency professional Jitesh Gupta in money laundering case

ED arrests insolvency professional Jitesh Gupta in money laundering case
ED arrests insolvency professional Jitesh Gupta in Best Foods money laundering case · thehansindia.com

Some grown-ups ran a company called Best Foods Ltd.

and borrowed a lot of money.

Another agency called the CBI found that a person named Dinesh Gupta may have hidden that money using fake companies.

A special police group called the ED investigates people who try to hide dirty money.

The ED arrested a man named Jitesh Gupta and said he helped hide the money.

Jitesh Gupta's job was to look after two companies that could not pay their debts.

He was supposed to check which debts were real and which were fake.

The investigators say he added back fake claims he had earlier rejected, and that changed who made decisions about the companies.

They also say he supported a rescue plan that was secretly controlled by Dinesh Gupta.

A court called the NCLT agreed that Jitesh Gupta had done wrong things.

Now he is in custody while the case continues.

Key facts

Arresting agency
Directorate of Enforcement (ED)
Arrested person
Jitesh Gupta, insolvency professional (IRP/RP)
Arrest provision
Section 19 of the Prevention of Money Laundering Act (PMLA), 2002
Related case
M/s Best Foods Ltd. money laundering probe
Basis of probe
CBI FIR under the Indian Penal Code, 1860, and the Prevention of Corruption Act, 1988
Companies under CIRP
Homestead Infrastructure Development Pvt. Ltd. and Golden Peacock Residence Pvt. Ltd.
NCLT order
September 9, 2025; adverse findings against Jitesh Gupta; replacement as Resolution Professional directed
Custody
Remanded to ED custody by the Special Court (PMLA)

Sources

Related news