ED arrests Reliance Communications' ex-Director Punit in ₹40,000-cr fraud case

The Enforcement Directorate (ED) has arrested Punit Garg, former Director of Reliance Communications Ltd, under PMLA in the alleged ₹40,000-crore RCOM bank fraud and money laundering case. The probe showed that he allegedly diverted proceeds of crime to offshore entities and used POC for his children's overseas education. The court has sent him to nine days ED custody.