First arrest in loan case linked to Anil Ambani: Biswal Tradelink MD in ED custody

The Enforcement Directorate on Saturday took Partha Sarathi Biswal, managing director of Biswal Tradelink Pvt Ltd, into custody in connection with a money-laundering case related to the alleged ₹3,000-crore bank-loan fraud involving Reliance Group chairman Anil Ambani and his group companies, agency sources said.

This was the first arrest in the high-profile case and came a day after the agency issued a lookout circular on Anil Ambani and summoned the industrialist for questioning on August 5.