Former RCOM Executive Held By ED For Role In Massive Bank Loan Fraud
The Enforcement Directorate (ED) on Friday said it has arrested former Reliance Communications (RCOM) president Punit Garg on money laundering charges in an alleged Rs 40,000 crore worth bank loan fraud case against group companies of businessman Anil Ambani. The 61-year-old Garg was taken into custody on Thursday. A special Prevention of Money Laundering Act…