Now Reading: ED files money-laundering charges against Reliance Infra, RCom
-
01
ED files money-laundering charges against Reliance Infra, RCom
The Enforcement Directorate (ED) has filed separate money-laundering complaints against Reliance Infrastructure and Reliance Communications, both part of the Reliance Anil Ambani Group. The first complaint, filed on August 8, 2026, alleges…
The Story in Brief
The Enforcement Directorate (ED) has filed separate money-laundering complaints against Reliance Infrastructure and Reliance Communications, both part of the Reliance Anil Ambani Group. The first complaint, filed on August 8, 2026, alleges that Rs 187 crore was siphoned from four NHAI toll-road projects between September and October 2010 through sham subcontracting arrangements. The second is a supplementary chargesheet against RCom, alleging that Rs 40,185 crore in bank credit was diverted to group companies, used to service foreign debt, and to buy personal assets abroad. Former executives Sateesh Seth, Gautam Doshi and Amitabh Jhunjhunwala have been named.
The Indian Opinion
The ED has thrown a spotlight on two huge corporate defaults, but the narrative that this is either a clean-up or a vendetta misses the point. The charges, siphoning Rs 187 crore from NHAI roads and diverting Rs 40,185 crore of bank loans, are specific and serious. Yet the accused are yet to be heard in court. What matters now is not the rhetoric but whether the courts uphold the asset attachments and if banks ever see a rupee of the defaulted money.
Sources (3): ndtvprofit.com, thehindu.com, economictimes.indiatimes.com
This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources.
