New Delhi, June 14 -- Former Group MD of Reliance Anil Ambani Group (RAAG) Sateesh Seth has been remanded in 6 days' ED custody by Delhi's Dwarka Court.

The court said that Custodial interrogation is required to identify the beneficiaries of proceeds of crime and to unearth the entire trail of money. The remand order was passed after midnight.

He has been arrested in an alleged money laundering case based on the allegations of syphoning of funds abroad through Hawala Channels by creating fictitious bills against overrated diamond imports.

The ED said the investigation under PMLA identified RIL as the primary beneficiary of a large-scale financial fraud involving systematic syphoning of public funds from two road construction projects a...