---
title: "Enforcement Directorate Files Chargesheets Against Reliance Group for 40,000 Crore Fraud"
url: https://projectchintan.com/article/ed-chargesheets-rcom-reliance-infra-bank-fraud-khgzx
publisher: Project Chintan
author: Project Chintan Newsroom
section: India
published: 2026-08-11T06:45:23.999Z
modified: 2026-08-11T08:46:29.205Z
language: en-IN
---

# Enforcement Directorate Files Chargesheets Against Reliance Group for 40,000 Crore Fraud

The Enforcement Directorate has submitted two chargesheets against Anil Ambani-linked Reliance Communications and Reliance Infrastructure for money laundering and bank fund misappropriation. Investigators allege the entities defaulted on over 40,000 crore rupees while diverting public funds through 

## Key takeaways

- The Enforcement Directorate has quantified the total proceeds of crime in the RCom and Reliance Infra case at over 40,000 crore rupees.
- Investigators allege that 187 crore rupees were siphoned from four specific NHAI toll-road projects via fictitious sub-contracting.
- The ED is seeking the court's permission to confiscate 8,078 crore rupees worth of previously attached properties belonging to the promoters and directors.
- The charges involve the use of shell companies and diamond traders to layer illicit funds and the falsification of end-use certifications for 1 billion USD in FCCBs.

## What Happened

The Enforcement Directorate (ED) has formalised money laundering charges against Reliance Communications (RCom) and Reliance Infrastructure Ltd. The filings, presented before a special court in New Delhi, name specific individuals including Gautam Doshi, Sateesh Seth, and Amitabh Jhunjhunwala alongside the corporate entities. The agency quantifies the total proceeds of crime at approximately 40,186 crore rupees, representing the outstanding sum defaulted on by these companies to a consortium of banks and financial institutions.

As part of the legal proceedings, the ED is seeking the confiscation of assets valued at 8,078 crore rupees. These properties, which include assets belonging to Anil Ambani and the promoters of RCom, had been previously attached during the investigation.

## Background

The investigation into RCom revealed that the company allegedly misused credit facilities to rotate domestic liabilities rather than adhering to sanctioned end-uses. A specific violation noted by the ED involves the false certification of end-use for 1 billion USD in Foreign Currency Convertible Bond (FCCB) proceeds. The agency claims the accused participated in an organised scheme to conceal and project these funds.

Parallel to the telecom case, the probe into Reliance Infrastructure exposed the diversion of funds from four highway projects awarded by the National Highways Authority of India (NHAI). These projects covered the Trichy-Karur, Trichy-Dindigul, Salem-Ulundurpet, and Jaipur-Reengus routes. Investigators found that approximately 187 crore rupees were siphoned off between September and October 2010 through fictitious sub-contracting work.

## Why It Matters

The case highlights sophisticated methods used to layer and divert public funds. According to the ED, documents were fabricated to frame illicit transfers as genuine project expenditures. These funds were reportedly moved through shell entities and diamond traders to obscure their origin. The scale of the default—exceeding 40,000 crore rupees—places it among the most significant corporate financial investigations currently handled by Indian authorities.
- Proceeds of crime: 40,186 crore rupees in defaulted bank funds.
- Assets targeted: 8,078 crore rupees in attached properties.
- Infrastructure diversion: 187 crore rupees siphoned from NHAI toll-road projects.
- Methodology: Use of shell companies, diamond traders, and false FCCB certifications.

---
Canonical: https://projectchintan.com/article/ed-chargesheets-rcom-reliance-infra-bank-fraud-khgzx
Reported from: Multiple Sources