The Enforcement Directorate (ED) has arrested Rakesh Gupta, the former Chief Financial Officer and President for Strategic Initiatives at Apollo Green Energy Ltd., in connection with an ongoing investigation involving alleged strongman Inderjeet Singh.
According to the ED, Gupta was arrested after failing to comply with multiple summonses and has been remanded to five days' custody. The investigation alleges that Singh operated a network that used threats, intimidation, and armed associates to coerce settlements in high-value private loan disputes. The case is based on multiple police cases registered in Haryana and Uttar Pradesh. Singh also faces allegations of extortion, fraud, illegal land grabbing, and other serious criminal offences.
