Delhi court takes cognisance of ED chargesheet, refuses bail to former RCom executive

A Delhi tribunal connected Monday (June 15, 2026) took cognisance of the Enforcement Directorate’s (ED) chargesheet successful the alleged ₹40,000-crore wealth laundering case linked to Reliance Communications (RCom) and dismissed the bail plea of the company’s erstwhile president and director, Punit Garg.

Special Judge Ajay Gupta declined bail to Mr. Garg and posted the substance for further information connected July 04. A elaborate bid is awaited.

The lawsuit stems from allegations that ample sums raised done slope loans were diverted and routed done a web of overseas subsidiaries and offshore entities. The Central bureau claimed that Mr. Garg was progressive successful managing and concealing the alleged proceeds of transgression during his agelong relation with the telecom company.

This led to the apprehension of the 61-year-old RCom enforcement successful January nether the provisions of the Prevention of Money Laundering Act (PMLA). Investigators allege that the funds nether scrutiny were transferred done respective foreign-linked entities connected to RCom.

The chargesheet filed by the ED names Mr. Garg among the accused successful what is being investigated arsenic a large fiscal fraud. The tribunal had successful the past dismissed Mr. Garg’s bail plea, successful which helium sought merchandise citing aesculapian conditions.