Ani Ambani NEW DELHI: Enforcement Directorate has filed a prosecution complaint (chargesheet) before a special court here against Punit Garg, a close associate of Anil Ambani, in a money laundering probe against Reliance Communications (RCom).RCom, Ambani, his close associates and some family members are under investigation in the purchase and sale of an apartment worth over Rs 70 crore in Manhattan, New York. Sources said the chargesheet has mentioned Vaishali Jairam Mane, besides Garg, as an accused. Mane was an RCom employee based in the US. ED had questioned Ambani and his son in this case earlier.The probe agency has established a money trail of funds allegedly siphoned off from RCom and transactions layered through several related shell entities. One of the shell companies was used to fund foreign education of Garg’s children from the alleged proceeds of crime siphoned off from bank loans RCom had received from an SBI-led consortium.Israel Iran WarUS-Israel-Iran War News Live Updates: Blasts reported near Pakistan embassy in Tehran as Israel launches fresh wave of strikesUS-Iran war: India prepares to re-start LNG buys from Russia; seeks Trump admin waiver, says reportMiddle East crisis: Govt levies export duties on diesel, turbine oil; eyes over Rs 1,500 crore collection in fortnightLater, the Manhattan apartment was sold for $8.3 million and the money was “remitted from the USA under the guise of a sham investment arrangement with a Dubai-based entity controlled by a Pakistan-linked individual, without the knowledge or consent of the resolution professional”. Dubai-based Azco Real Estate Brokers LLC is also under investigation.Garg was arrested on Jan 29 at the ED headquarters where he was called for interrogation relating to the Manhattan apartment and funding of over $40,000 towards college fees of his children, besides using the rental income of over $36,000 from the apartment to pay for expenses of his daughter.End of ArticleFollow Us On Social MediaVideos’Team India’: PM Modi Meets With CMs, Urges Covid-Like Coordination Amid West Asia CrisisPM Modi Congratulates Balendra Shah On Becoming Nepal PM, Eyes Stronger India-Nepal Ties‘Systemic Victimisation’: India Blasts Munir’s ‘Go To Iran’ Remark, Targets Pakistan On 1971 Denial’Pak Remains In Denial’: India Hits Out Over Op Searchlight Genocide, Backs Dhaka’s Justice Call‘Lockdown Rumours False’: Oil Minister; Centre Slashes Excise Duty On Fuel, Will It Help Consumers?BJP MP Kangana Ranaut Targets Rahul Gandhi, Says ‘Needs Tuition’ Over Economy Claims In ParliamentIndia Signs ₹445 Crore Tunguska Air Defence Deal To Boost Short-Range ProtectionWill Delimitation Change Impact Of Muslim Voters In Assam Election 2026? | Himanta Biswa SarmaIndia Moves To Secure Military Drones With New “Secure-By-Design” Framework“As if Hardeep Puri is giving money from his pocket…”: OPPN STRONG take on fuel excise move123Photostories8 sky events in April 2026 you can’t miss: From a blazing comet to meteor stormsExclusive – The 50: Rajat Dalal opens up on fallout with Prince Narula, says he no longer calls him ‘brother’; reacts to link-up with Chahat PandeyAkshaye Khanna birthday special:‘Dhurandhar’, ‘Chhaava’, ‘Border’, a look at his best performances5 sacred flowers of Goddess Lakshmi you must grow at home to attract wealth and prosperityHow to make Soy and Mushroom Fried Rice for dinner at homeAlmost 50% of Indians have vitamin B12 deficiency: Top foods for vegetarians and non-vegetarians to boost energy and avoid long-term health risks5 off-road cars designed for extreme conditions5 island destinations to visit in summer, and why they shouldn’t be skippedNora Fatehi looks divine in a deep purple Raw Mango saree10 mind-blowing facts about the blue planet, Earth123Hot PicksE-chequesIndia-US trade dealUS stock markets todayUS Iran WarIncome Tax CalculatorPublic holidays April 2026Bank Holidays AprilTop TrendingTiger Woods CrashJill BidenH-1B lotteryVanathi SrinivasanMirwaiz Umar FarooqZojila Pass avalancheNoelia CastilloUS travel advisoryAnti-vaccine rowH-1B visa
NEW DELHI: Enforcement Directorate has filed a prosecution complaint (chargesheet) before a special court here against Punit Garg, a close associate of Anil Ambani, in a money laundering probe against Reliance Communications (RCom).RCom, Ambani, his close associates and some family members are under investigation in the purchase and sale of an apartment worth over Rs 70 crore in Manhattan, New York. Sources said the chargesheet has mentioned Vaishali Jairam Mane, besides Garg, as an accused. Mane was an RCom employee based in the US. ED had questioned Ambani and his son in this case earlier.The probe agency has established a money trail of funds allegedly siphoned off from RCom and transactions layered through several related shell entities. One of the shell companies was used to fund foreign education of Garg’s children from the alleged proceeds of crime siphoned off from bank loans RCom had received from an SBI-led consortium.Later, the Manhattan apartment was sold for $8.3 million and the money was “remitted from the USA under the guise of a sham investment arrangement with a Dubai-based entity controlled by a Pakistan-linked individual, without the knowledge or consent of the resolution professional”. Dubai-based Azco Real Estate Brokers LLC is also under investigation.Garg was arrested on Jan 29 at the ED headquarters where he was called for interrogation relating to the Manhattan apartment and funding of over $40,000 towards college fees of his children, besides using the rental income of over $36,000 from the apartment to pay for expenses of his daughter.
