New Delhi, April 16 -- The Enforcement Directorate on Wednesday arrested Amitabh Jhunjhunwala and Amit Bapna, former top executives of the Anil Dhirubhai Ambani Group (ADAG), in connection with a money laundering case linked to an alleged bank loan fraud, officials said.

The two were taken into custody under the Prevention of Money Laundering Act (PMLA) after questioning. The agency produced them before a court seeking their custody for detailed interrogation, they said.

Jhunjhunwala was a vice chairman and director of Reliance Capital Ltd, the parent company of RHFL and RCFL. He is considered a close aide of Ambani. Meanwhile Bapna served as a director of RHFL.

The probe pertains to an alleged bank loan fraud worth crores of rupees pe...