A court granted five days of Enforcement Directorate custody for Sadhna Group chairman Rakesh Kumar Gupta on October 10 after his arrest in Delhi on October 9, according to The Indian Express and PTI.
The ED alleges irregularities in Sadhna Media’s insolvency process and assesses alleged proceeds of crime at about ₹168 crore. That figure is the agency’s allegation, not a final judicial finding of loss or guilt.
PTI reports that the defence cited a tax no-dues certificate, the absence of complaints from tax authorities or SEBI, and a paid SEBI penalty. The court allowed investigation despite those objections. A custody order is not a conviction. Sources: The Indian Express and PTI via Rediff, October 10.