Reliance Communications case: Court sends Gautam Doshi to judicial custody till July 1

Delhirsquos Rouse Avenue Court on Friday remanded Gautam Bhailal Doshi in judicial custody till July 1 The ED while arguing in court stated on Thursday that Doshi was produced before the vacation court on Wednesday and has been remanded in judicial custodyAs per the last order he was to be produced before the court on Friday June 18Doshi has been arrested in the Reliance Communications RCom alleged money laundering case and is one of the former senior officers of RComEarlier he was produced at the residence of the vacation judge in the morning at around 8 am and was remanded in 5 days ED custody on June 13The Special Public Prosecutor SPP for ED appeared through video conferencing and informed the vacation judge Rajesh Malik Thereafter the court sent the file to the concerned court as per ANIFormer Rcom officer Doshi arrested under PMLAHe has been arrested in the Reliance Communications RCom alleged money laundering case He is a former director of Reliance Telecom He was produced at the residence of the vacation judge in the morning at around 8 AMVacation Judge Gaurav Rao had remanded Gautam Bhailal Doshi in 5 days ED custody after hearing the counsel for ED and the accused He functioned as one of the Group Managing Directors of the Reliance ADA Group and was a Director of Reliance Telecom LimitedAfter producing the accused before the judge the ED had moved an application seeking 14 days custody remand of the accusedHowever the court had granted custody of Doshi after considering the submissions of ED the nature of the allegations and to unearth the complete conspiracy as well as establish the complete fund trail their recovery role of other individuals involvedThe order from the Vacation Bench on June 13 stated I deem it fit 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 is to be there on June 18 2026 at or before 0400 pm before the Vacation Judge Rouse Avenue District Courts New Delhi as cited by ANIDoshi was allegedly associated with companies offshore operationsIt is alleged against Gautam Bhailal Doshi that he occupied a position of substantial authority and control within the Reliance ADA Group and was deeply associated with its financial corporate and offshore operationsFurthermore the investigation has also revealed that he functioned as one of the Group Managing Directors of the Reliance ADA Group was a Director of Reliance Telecom Limited during the relevant period was a member of its Audit Committee and exercised banking authority over 161 bank accounts maintained by 105 group entitiesDoshi who has been accused was also entrusted with responsibilities relating to overseas financing arrangements FCCB issuances foreign bank accounts and offshore corporate structuresThe court had noted that the material collected during the investigation establishes his active involvement in the management supervision and control of the financial framework through which funds were raised routed and deployed across domestic and overseas entitiesAs per the ED the primary allegations are that the credit facilities availed by RCOM Ms Reliance Telecom Ltd and Ms Reliance Infratel Ltd together with the group are referred to as the Reliance Anil Dheerajlal Ambani Group RAAG from a consortium of banks through multiple banking arrangements by misrepresentation and deceptionWith inputs from ANI