ED arrests ex-Reliance Communication chief Punit Garg in Rs 40,000-crore fraud case
India Today
Punit Garg served as President handling the company's Global Enterprise Business between 2006 and 2013, and later as President (Regulatory Affairs) from 2014 to 2017.
The Directorate of Enforcement (ED), Special Task Force, has arrested Punit Garg, former Director of Reliance Communications Limited (RCOM), in connection with an ongoing probe into an alleged bank fraud and money laundering case involving more than Rs 40,000 crore.
A statement said that Garg was arrested on January 29, 2026 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. The ED said the case relates to the diversion and laundering of funds by RCOM and its group entities.
The investigation was initiated following a Central Bureau of Investigation (CBI) FIR registered on August 21, 2025.
The FIR was filed for offences under Sections 120-B (criminal conspiracy), 406 (criminal breach of trust), and 420 (cheating) of the Indian Penal Code, along with provisions of the Prevention of Corruption Act, 1989.
Punit Garg held several key positions in Reliance Communications over nearly two decades. He served as President handling the company’s Global Enterprise Business between 2006 and 2013, and later as President (Regulatory Affairs) from 2014 to 2017.
In October 2017, he was appointed Executive Director of RCOM, and subsequently served as a non-Executive Director from April 2019 until April 2025.
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