India's ED Arrests Two Former Reliance Telecom Directors in Bank Loan Fraud Case
India's Enforcement Directorate (ED) arrested former Reliance Anil Ambani Group executives Sateesh Seth and Gautam Doshi in Mumbai on Friday under the Prevention of Money Laundering Act. The arrests follow a CBI investigation into an alleged bank loan fraud of Rs 114.98 crore at the State Bank of India, part of a Rs 735 crore term loan facility extended by a consortium of 11 banks to Reliance Telecom Ltd. The case marks a significant escalation in financial fraud proceedings against former senior figures of Anil Ambani's business empire.
The Enforcement Directorate arrested Sateesh Seth and Gautam Doshi, both former directors of Reliance Telecom Ltd. and close associates of Anil Ambani, in Mumbai on June 13, 2026, under the Prevention of Money Laundering Act. Both were taken on transit remand to Delhi, where the ED case is registered, though Seth was hospitalised at JJ Hospital in Mumbai after his arrest and was subsequently produced before a Mumbai court via video conference, which granted a two-day ED custody with transit remand to appear before a Delhi court on June 14. The ED's action is based on a CBI complaint filed in March, which alleged a loan fraud exceeding Rs 114.98 crore at the State Bank of India, the lead bank in a consortium of 11 lenders that had sanctioned a total Rs 735 crore term loan to Reliance Telecom. Seth had served as MD of Reliance Communications and vice-chairman of Reliance Infrastructure, while Doshi was group MD of the Reliance Anil Ambani Group; a third associate, Amitabh Jhunjhunwala, was previously arrested by the ED and remains in judicial custody. Doshi has prior legal history, having been arrested by the CBI in 2011 in the 2G spectrum scam case before being granted bail after seven months. A spokesperson for Anil Ambani had previously stated that all three former executives were no longer associated with the Reliance group.
What's missing
The articles do not specify the current legal status or charges faced by Anil Ambani himself in relation to this ED investigation.
How coverage differed
NDTV and The Hindu reported the story in near-identical, factual terms with minimal detail, while the Times of India provided substantially more context, including Seth's hospitalisation, Doshi's prior 2G scam arrest, the role of a third associate Amitabh Jhunjhunwala, and statements from an Ambani spokesperson — framing the arrests more explicitly within a broader, ongoing probe of Ambani's inner circle.
What different sources said
- The HinduCenter
ED arrests two former executives of Reliance Anil Ambani Group
- NDTVCenter
Probe Agency ED Arrests 2 Former Directors Of Reliance Telecom
- Times of IndiaCenter
Ex-RCom execs Doshi & Seth arrested by ED in ADAG case
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