ED arrests former CFO of Apollo Green Energy Ltd.
The Enforcement Directorate has arrested Rakesh Gupta, the former CFO of Apollo Green Energy Ltd., in connection with an investigation into criminal strongman Inderjeet Singh. The probe centers on allegations of coercive loan settlements, extortion, and fraud involving private financiers.
Why it matters
This case highlights the intersection of corporate finance and organized crime, raising concerns about the integrity of private lending practices in India.
The Enforcement Directorate has arrested Rakesh Gupta, former Chief Financial Officer and president for strategic Initiatives at Apollo Green Energy Ltd. (earlier Apollo International Ltd.), the agency announced on Tuesday (July 7, 2026).
The article reports on official agency statements and legal proceedings without emotive language.
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