ED arrests two former executives of Reliance Anil Ambani Group

📌 Summary:

• The Enforcement Directorate (ED) on June 12 arrested two former RAAG executives — Sateesh Seth and Gautam Doshi — under the Prevention of Money Laundering Act (PMLA) in Mumbai
• Both previously served as directors of Reliance Telecom Ltd.; the ED took transit remand and is moving them to Delhi, where the case is registered
• Part of a widening money-laundering probe into the Reliance Anil Ambani Group's financial dealings
• Illustrates the ED's use of PMLA powers — arrest, attachment of proceeds of crime, and transit remand — in high-profile corporate financial-crime cases

🎯 UPSC Relevance: GS3 Internal Security — money laundering and economic offences; the role and powers of the ED under PMLA; corporate governance and financial accountability.

📝 Prelims Facts:

• The ED is a financial investigation agency under the Department of Revenue, Ministry of Finance
• It enforces the PMLA, 2002 and FEMA, 1999
• PMLA allows attachment of "proceeds of crime" and provisional confiscation of assets

🔑 Key Term: Transit remand — judicial permission to transport an arrested person from the place of arrest to the jurisdiction where the case is registered.