ED chargesheets ex-RCOM executive in Rs 40K-crore fraud

The Enforcement Directorate (ED) on Friday filed a chargesheet against former Reliance Communications (RCOM) president Punit Garg and another individual in its money-laundering probe into an alleged Rs 40,000-crore bank loan fraud, official sources said.

The chargesheet, running over 170 pages, was submitted before a special court at Rouse Avenue under the Prevention of Money Laundering Act (PMLA). It names Garg and Vaishali Jairam Mane, a former director of US-based Bonn Investment Inc, as accused. Garg, 61, was arrested by the agency in January this year.