Delhi court takes cognisance of ED chargesheet, refuses bail to former RCom executive
A Delhi court on Monday (June 15, 2026) took cognisance of the Enforcement Directorate’s (ED) chargesheet in the alleged ₹40,000-crore money laundering case linked to
A Delhi court on Monday (June 15, 2026) took cognisance of the Enforcement Directorate’s (ED) chargesheet in the alleged ₹40,000-crore money laundering case linked to Reliance Communications (RCom) and dismissed the bail plea of the company’s former president and director, Punit Garg. Special Judge Ajay Gupta declined bail to Mr. Garg and posted the matter for further consideration on July 04.
A detailed order is awaited. The case stems from allegations that large sums raised through bank loans were diverted and routed through a web of overseas subsidiaries and offshore entities. The Central agency claimed that Mr. Garg was involved in managing and concealing the alleged proceeds of crime during his long association with the telecom company.
This led to the arrest of the 61-year-old RCom executive in January under the provisions of the Prevention of Money Laundering Act (PMLA). Investigators allege that the funds under scrutiny were transferred through several foreign-linked entities connected to RCom. The chargesheet filed by the ED names Mr. Garg among the accused in what is being investigated as a major financial fraud.
The court had in the past dismissed Mr. Garg’s bail plea, in which he sought release citing medical conditions.
The BriefWire