NEW DELHI, Oct 10: The Enforcement Directorate has arrested the chairman of a Delhi-based media and broadcast company in a money laundering case linked to alleged irregularities in the Insolvency and Bankruptcy Code (IBC) processes, officials said on Saturday.
Rakesh Kumar Gupta, Chairman of the Sadhna Group, was taken into custody on Friday around 10:25 pm in Delhi under the provisions of the Prevention of Money Laundering Act (PMLA).
The 63-year-old was produced by the central agency at the residential camp office of Additional Sessions Judge (Patiala House Courts) Saurabh Pratap Singh Laler in Ghaziabad (Uttar Pradesh) around 2 am on Saturday.
The court sent him to five days ED custody. The agency has sought his remand…