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.
The court sent him to five days ED custody. The money laundering case against Gupta and others stems from a September FIR filed by the Economic Offences Wing of the Delhi Police. It was alleged in the police complaint that Gupta engineered the insolvency of Sadhna Media Pvt.
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 agency has sought his remand for 7 days.
Ltd. through related creditors holding 99.41 per cent of the Committee of Creditors so that Income Tax dues of ₹ 110.10 crore were settled for ₹ 20 lakh.
As per the police complaint furnished by the ED to the court in its remand papers, SEBI issued an order in May 2025 calling Gupta the “mastermind” of the “manipulation” of shares of Sadhna Broadcast “jointly and severally liable” for about ₹ 58 crore. The court said the money trail runs “outside” banking channels and the seized device data has not yet been put to the accused and these tasks cannot be completed in judicial custody.
