ED chargesheets RCom, Reliance Infra in ₹40,000 crore bank fraud case

The Enforcement Directorate has formally charged Reliance Communications and Reliance Infrastructure with serious financial offenses, including money laundering involving over ₹40,000 crore in misappropriated bank funds. The allegations point to substantial financial misconduct by both companies and related individuals.

The ED is pursuing confiscation of properties worth more than ₹8,000 crore that allegedly arose from a scheme to misdirect public funds originally meant for vital infrastructure projects.