RCom, Reliance Infra Charged

The Enforcement Directorate has formally charged Reliance Communications and Reliance Infrastructure with serious financial offenses, including money laundering. The allegations indicate substantial financial misconduct by both companies and related individuals. The agency is pursuing the confiscation of properties worth over 8,000 crore rupees. The charges stem from a deliberate scheme to misdirect public funds from vital infrastructure projects. The Enforcement Directorate's action is a significant step in investigating the alleged bank fraud. The case involves the misappropriation of over 40,000 crore rupees in bank funds.