ED arrests Sadhna Group MD Rakesh Gupta in Rs 168 crore money-laundering case
The Enforcement Directorate has arrested Rakesh Gupta, Managing Director of Sadhna Group, in a money-laundering investigation involving alleged proceeds of Rs 168 crore. The arrest was made as part of an ongoing ED probe into financial irregularities linked to the group.
Gupta is accused of involvement in the laundering of funds allegedly generated through illicit activities. The ED's action follows preliminary investigations that flagged suspicious financial transactions and fund movements associated with the group's operations.
The case is being investigated under relevant provisions of the Prevention of Money Laundering Act. Further details regarding the specific nature of the underlying criminal activity and the scope of the investigation are awaited.
