Delhi court takes cognisance of ED chargesheet, refuses bail to former RCom executive
A Delhi court has denied bail to former Reliance Communications executive Punit Garg in connection with a ₹40,000-crore money laundering case. The Enforcement Directorate alleges Garg was involved in diverting bank loans through a complex network of overseas entities.
Why it matters
This case represents a significant legal action against high-level corporate executives in India regarding large-scale financial fraud and money laundering.
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.
The report provides a factual summary of court proceedings and official charges without editorializing.
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