New Delhi, March 27 The Enforcement Directorate may file a chargesheet on Friday as part of its investigation into alleged money laundering involving Reliance Group chairman Anil Ambani's company, RCOM, and its former executives, the group, which is said to involve a fraud of around Rs 40,000 crore, official sources said.
The prosecution complaint will be filed under the Prevention of Money Laundering Act (PMLA), and former Reliance Communications (RCOM) president Punit Garg and a few others are expected to be named as accused, sources said.
Garg, 61, was arrested by the ED in January.
The former company president, while holding senior managerial and directorial positions in RCOM from 2001 to 2025, was actively involved in the acquisition, possession, concealment, layering, and dissipation of proceeds of crime generated from the alleged bank fraud, the ED has claimed.
The alleged laundered funds were "diverted" through multiple foreign subsidiaries and offshore entities of RCOM, it claimed.
The agency had in December 2025 filed a chargesheet against Ambani's group company, Reliance Power Ltd, and 10 others in a money laundering case linked to the issuance of a fake bank guarantee of Rs 68 crore for securing a tender.
The federal investigation agency has constituted a special investigation team (SIT) to probe alleged financial irregularities conducted by Ambani's group companies at the direction of the Supreme Court.