ED makes 1st arrest in ₹3,000-crore loan fraud case involving Anil Ambani: Report
Medhaa Gupta, Published on Aug 2nd, 2025
ED has taken Biswal Tradelink (BTPL) MD Partha Sarathi Biswal into custody in connection with the ongoing money laundering investigation into Anil Ambani-led companies, India Today reported. This is the first arrest made by ED in the alleged ₹3,000-crore loan fraud case. The ED found that BTPL reportedly got ₹5.4 crore from Reliance Power to facilitate the fake bank guarantee.
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