New Delhi: A Delhi court on Thursday remanded Sateesh Seth, former managing director of the Reliance Anil Ambani Group (RAAG), to 14 days of judicial custody in a money laundering case linked to alleged hawala transactions.
Vacation Judge Rashmi Gupta ordered that Seth be sent to judicial custody until July 2 after the Enforcement Directorate (ED) completed his custodial interrogation.
The court permitted Seth to keep his spectacles and prescribed medicines while in jail. It also directed prison authorities to consider his request for a bed in accordance with the provisions of the jail manual.
Seth was produced before the court a day before the expiry of the six-day ED custody that had been granted on June 14.
The ED arrested Seth in connection with allegations that funds were routed abroad through hawala channels using fictitious invoices for allegedly overvalued diamond imports.
According to the agency, its probe under the Prevention of Money Laundering Act (PMLA) found that Reliance Infrastructure Ltd. was the principal beneficiary of an alleged large-scale financial fraud involving the diversion of public funds from two National Highways Authority of India (NHAI) projects — the Jaipur-Reengus toll road project and the Trichy-Karur toll road project.
The agency further alleged that Reliance Infra was among several entities that used shell companies to move funds overseas and siphoned off nearly Rs 92 crore.
The ED registered an Enforcement Case Information Report (ECIR) based on an FIR filed by the Mumbai Police in February 2026.
On June 14, the court had granted the ED six days of custody of Seth, observing that the nature of the allegations and his alleged role in the offence warranted detailed and sustained interrogation for the purposes of the investigation.
