The Rouse Avenue Court on Saturday remanded Gautam Bhailal Doshi in 5 days ED Custody until June 18. He has been arrested in the Reliance Communications (RCom) alleged money laundering case.
Doshi is a former director of Reliance Telecom. He was produced on the residence of the holiday decide in the morning at round 8 a.m.
Trip Decide Gaurav Rao remanded Gautam Bhailal Doshi in 5 days’ ED custody after listening to the counsel for ED and the accused. He functioned as one of the Group Managing Administrators of the Reliance ADA Group, and was a Director of Reliance Telecom Restricted After producing the accused earlier than the decide, the ED moved an software looking for 14 days custody remand of the accused.
The courtroom granted custody of Doshi after contemplating the submissions of ED, the character of the allegations and to unearth the whole conspiracy in addition to set up the whole fund path, their restoration, position of different people concerned.
“I deem it match to grant 5 days custody of the accused to the ED. Accordingly, the accused is remanded to the custody of ED for 5 days and he now be June 18, 2026, at or earlier than 04.00 p.m. earlier than the Trip Decide, Rouse Avenue District Courts, New Delhi,” the Trip Decide ordered on June 13.
It’s alleged in opposition to Gautam Bhailal Doshi that he occupied a place of substantial authority and management throughout the Reliance ADA Group and was deeply related to its monetary, company and offshore operations.
The investigation has revealed that he functioned as one of the Group Managing Administrators of the Reliance ADA Group, was a Director of Reliance Telecom Restricted in the course of the related interval, was a member of its Audit Committee, exercised banking authority over 161 financial institution accounts maintained by 105 group entities, and was entrusted with tasks relating to abroad financing preparations, FCCB issuances, overseas financial institution accounts and offshore company buildings.
The courtroom famous that the fabric collected in the course of the investigation establishes his lively involvement in the administration, supervision and management of the monetary framework by which funds had been raised, routed and deployed throughout home and abroad entities.
As per the ED, the Major allegations are that the credit score amenities availed by RCOM, M/s Reliance Telecom Ltd and M/s Reliance Infratel Ltd, collectively the group is referred as Reliance Anil Dheerajlal Ambani Group (RAAG) from a consortium of banks, by a number of banking preparations by misrepresentation and deception.
It’s additional alleged that after disbursal of the stated amenities, the financial institution funds had been misappropriated by coming into into transactions which had been in violation of the phrases and situations of the sanction of the credit score amenities. The ED additionally alleged that RAAG undertook credit score amenities from non-consortium banks throughout the identical interval, which includes a set of interconnected transactions, because the credit score amenities taken from consortium banks have been used for funds of non-consortium credit score amenities as nicely.
It’s alleged that the full excellent quantities from the consortium banks in addition to the non-consortium banks, which represent proceeds of crime, are roughly ₹40,000 crore. The investigation up to now has established a fund path exhibiting diversion of mortgage funds from RAAG to overseas remittances, overseas banks and offshore firms. The funds so availed from sure banks weren’t utilised for the meant function however had been invested in mutual funds and transferred to group firms. These are detailed in the applying looking for remand.
The courtroom famous in the order the proof collected throughout investigation, together with the e-mail dated September 21, 2012, enclosing “Firm Particulars.xls”, board data, audit committee data, monetary statements, banking data and statements recorded underneath Part 50 of the PMLA, demonstrates that the accused was not a passive or nominal functionary however occupied a place from which he exercised vital affect and management over group entities, banking preparations and offshore buildings.
The fabric additional reveals that data relating to Indian and offshore entities, shareholding buildings, banking preparations andFinancial operations had been commonly escalated to him and operated underneath his supervision.
Whereas looking for remand the ED stated that custodial interrogation of the accused is critical to verify the whole conspiracy behind the diversion and layering of mortgage funds; decide the decision-making course of relating to the creation and operation of middleman and offshore entities; determine the last word beneficiaries of the diverted funds; confront him with seized emails, digital data, monetary paperwork and witness statements; and hint additional home and abroad belongings acquired, held or managed from proceeds of crime.
The company fitter stated that his custodial interrogation can also be important to uncover the whole mechanism adopted for acquisition, possession, concealment, layering, routing and dissipation of proceeds of crime.
The counsel for the accused opposed the remand software and submitted that from ED’s software, it’s evident that the accused has been cooperating all through the investigation and for the reason that recording of his assertion underneath Part 50 of the PMLA on January 27, 2026, there isn’t a allegation in opposition to him of having carried out something prejudicing the investigation. It was additionally submitted that, contemplating his age, he being round 74 years outdated, in addition to the medical illnesses from which he’s struggling, he might not be remanded to custody for 14 days as sought by ED.
As requested by Defence Counsel, the accused be supplied with a writing pad and writing materials. So far as the request for offering shaving gear is worried, contemplating the safety points concerned, the stated request can’t be acceded to now, the courtroom stated.
Revealed on June 13, 2026
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