New Delhi, Jan. 30 -- The Enforcement Directorate (ED), Special Task Force, stated on Friday that it has arrested Punit Garg, the former Director of Reliance Communications Limited (RCOM), in connection with an ongoing investigation relating to a bank fraud and money laundering case involving over Rs 40,000 crore by RCOM and its group entities.
The arrest follows an investigation initiated on the basis of a CBI FIR.
Punit Garg served as President of RCOM, overseeing its Global Enterprise Business from 2006 to 2013. Thereafter, he served as President (Regulatory Affairs) from 2014 to 2017. In October 2017, he was appointed as Executive Director of RCOM. Subsequently, from April 2019 until April 2025, he served as a Non-Executive Director o...