New Delhi, 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 processes, officials said on Saturday.
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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 .
The 63-year-old was produced by the central agency at the residential camp office of Additional Sessions Judge Saurabh Pratap Singh Laler in Ghaziabad around 2 am on Saturday.
The court sent him to five days ED custody. The agency has sought his remand for 7 days.
The money laundering case…