Overview
- The Enforcement Directorate filed a prosecution complaint on Friday that names 55 accused, including former ADAG executives Amitabh Jhunjhunwala and Amit Bapna.
- The charge sheet will be placed before a judge for consideration on July 1 as the agency moves the case into the formal trial process.
- The ED arrested former Reliance executives Sateesh/Satish Seth and Gautam Doshi on June 12–13 and a Delhi court remanded Doshi to five days of ED custody for questioning.
- The agency alleges RHFL and RCFL loans were channelled to shell or paper companies linked to the Reliance Anil Ambani Group and says the probe covers alleged laundering in excess of ₹40,000 crore with over ₹11,000 crore of those loans marked as NPAs.
- ED has provisionally attached assets worth thousands of crores (roughly ₹17,000 crore reported) as investigators trace a complex domestic and offshore fund trail and courts have emphasised the probe is at an early stage with individual roles yet to be established.