ED files PMLA chargesheets against Anil Ambani Group
The Enforcement Directorate (ED) has filed chargesheets in two money-laundering cases involving the Reliance Anil Ambani Group and its former executives. The first case against Reliance Infrastructure Limited and former executive Sateesh Seth involves allegations of diverting public funds from NHAI-awarded toll-road projects through shell companies and fictitious invoices.
The probe found Rs 187 crore siphoned through back-dated arrangements for sham sub-contracting work. The ED has attached assets worth Rs 187 crore held by Reliance Power Limited and Reliance Infrastructure. The second case against Reliance Communications Limited, RTL, and former executives Seth, Gautam Doshi, and Amitabh Jhunjhunwala pertains to allegations of fraudulent credit facilities and money laundering.
The ED claims proceeds of crime totaling Rs 40,185 crore were diverted to personal assets for the promoters outside India. The agency has attached assets worth Rs 8,078 crore in this case.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
