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

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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.