India, Jan. 31 -- The Enforcement Directorate (ED) has arrested Punit Garg, a former director of Reliance Communications Limited (RCOM), in connection with its money-laundering investigation into an alleged Rs.40,000-crore bank loan fraud involving the company and its group entities.

According to the ED, Garg, who held senior managerial and directorial roles at RCOM between 2001 and 2025, was allegedly involved in the acquisition, possession, concealment, layering and dissipation of the proceeds of crime generated from the alleged fraud. The agency claims that parts of the proceeds were diverted through multiple foreign subsidiaries and offshore entities linked to RCOM.

Garg was arrested on Thursday by the ED's special task force probin...