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The Economic Times

Economy / The Economic Times

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ED flags Rs 11,600 crore 'proceeds of crime' in RHFL, RCFL probe

The Enforcement Directorate has alleged over 11,600 crore as proceeds of crime in a money laundering probe involving Reliance Home Finance and Reliance Commercial Finance. Public funds were allegedly diverted through shell entities. Nearly 90% of corporate loans were routed to shell companies. Key functionaries Amitabh Jhunjhunwala and Amit Bapna were taken into custody.

17 Apr 2026 12:41 am