ED chargesheets Anil aide in RCom laundering case | India News
New Delhi: Enforcement Directorate The prosecution has filed a charge sheet against its close aide Punit Garg in a special court here. Anil AmbaniIn a money laundering investigation against Reliance Communications (Another).RCom, Ambani, his close aides and some family members are under investigation for the purchase and sale of an apartment worth over Rs 70 crore in Manhattan, New York. Sources said that apart from Garg, Vaishali Jayaram Mane has been named as an accused in the charge sheet. Means there was an employee located in the United States. ED had earlier questioned Ambani and his son in this case.The investigating agency established a money trail of funds stolen from RCom and layered transactions through multiple related shell entities. A shell company was used for foreign education of Garg’s children from the alleged proceeds of crime from bank loans received by RCom from a consortium led by SBI.Later, the Manhattan apartment was sold for $8.3 million and the money “was sent from the United States under the guise of a fraudulent investment scheme controlled by a Pakistan-connected person with a Dubai-based entity, without the knowledge or consent of the resolution professional”. Dubai-based Azco Real Estate Brokers LLC is also under investigation.Garg was arrested on January 29 at the ED headquarters where he was summoned for questioning in connection with the Manhattan apartment and for using over $36,000 in rental income from the apartment to pay his daughter’s expenses, as well as funding over $40,000 for his children’s college fees.
