Money

ED arrests former RCom director Punit Garg

January 30, 2026

The Enforcement Directorate (ED) has arrested Punit Garg, a former director and president of Reliance Communications Limited (RCom), in connection with an alleged ₹40,000-crore bank fraud and money laundering case. The arrest occurred on January 29, 2026, as part of an ongoing investigation following a First Information Report by the Central Bureau of Investigation, and Garg has been remanded to ED custody for nine days.

ED arrests former RCom director Punit Garg

Credit: Thehindu

Key Highlights

Punit Garg was arrested by the ED on January 29, 2026.
He served as president of RCom from 2006 to 2013, overseeing the global enterprise business.
The case involves allegations of over ₹40,000 crore in bank fraud and money laundering.
The arrest is part of an investigation linked to a First Information Report filed by the CBI.
Garg has been remanded to ED custody for nine days by a special court in Delhi.

India Nation

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

ED arrests former RCom director Punit Garg

Key Highlights

Sources

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