ED Arrests Former RCom Director Punit Garg in Bank Fraud Probe

Update (January 30, 2026): The Enforcement Directorate (ED) has arrested Punit Garg, a former director of Reliance Communications Ltd (RCom), in connection with an ongoing money-laundering investigation linked to an alleged ₹40,000-crore bank loan fraud.

Garg was taken into custody on January 29 following a probe based on a First Information Report registered by the Central Bureau of Investigation. He was produced before a special court in New Delhi, which remanded him to ED custody for nine days.

Investigators allege that funds were diverted through overseas entities and used for asset purchases and personal expenses. The probe is ongoing.