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The Enforcement Directorate’s Special Task Force has arrested Punit Garg, a erstwhile manager of Reliance Communications Limited (RCom) successful transportation with implicit ₹40,000-crore alleged slope fraud and money-laundering charge, it said connected Friday (January 30, 2026).
The apprehension was made connected Thursday (January 29, 2026) arsenic portion of the ED probe with respect to a First Information Report registered by the Central Bureau of Investigation. The bureau produced him earlier a peculiar Delhi tribunal that sent him to its remand for 9 days.
According to the ED, Mr. Garg served arsenic president of RCom, handling its planetary endeavor concern from 2006 to 2013. Thereafter, helium served arsenic president (regulatory affairs) from 2014 to 2017. In October 2017, helium was appointed arsenic enforcement manager and from April 2019 till April 2025, helium served arsenic non-executive manager of RCom.
The ED alleged that Mr. Garg was actively progressive successful the acquisition, possession, concealment, layering, and dissipation of “proceeds of crime”, diverted done aggregate overseas subsidiaries and offshore entities of RCom.
“In particular, it was recovered that Proceeds of Crime were diverted for the acquisition of a luxury condominium flat successful Manhattan, New York (USA). This spot was sold during the Corporate Insolvency Resolution Process (CIRP) of RCom fraudulently by Punit Garg. The merchantability proceeds of $8.3 cardinal were remitted from the USA nether the guise of a sham concern statement with a Dubai-based entity controlled by a Pakistan-linked individual, without the cognition oregon consent of the Resolution Professional,” the ED alleged.
The funds successful question were besides allegedly diverted for Mr. Garg’s idiosyncratic expenses, including overseas education-related expenses of his children, said the agency.
