Former MD of Anil Ambani group Sateesh Seth sent to 14-day judicial custody in PMLA case
Sateesh Seth, former MD of Reliance Anil Ambani Group, has been remanded to 14 days of judicial custody in a money laundering case. The Enforcement Directorate alleges he was involved in siphoning funds abroad through shell companies and fictitious bills.
Why it matters
This case represents a significant legal action against high-profile corporate executives regarding financial fraud and money laundering.
A Delhi court on Thursday (June 18, 2026) sent former managing director of the Reliance Anil Ambani Group, Sateesh Seth, to 14 days in judicial custody in a money laundering case linked to hawala money transfer.
The article reports on court proceedings and official allegations in a factual, objective manner.
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