ED chargesheets against RCom, Reliance Infra in 40k crore bank fraud

ED
sought
co fiscatio
of
p ope ties
wo th
Rs
8,078
c o e
attached
ea lie
i
the
case,
belo gi g
to
Relia ce
Commu icatio s
a d
its
p omote s
a d
di ecto s,
i cludi g
assets
of
A il
Amba i.

NEW
DELHI:
ED
filed
two
cha gesheets,
o e
each
agai st

Relia ce
Commu icatio s
(RCom)
a d
Relia ce
I f ast uctu e
Ltd,
o
Satu day
befo e
a
special
cou t
he e,
ami g
Gautam
Doshi,
Sateesh
Seth,
Amitabh
Jhu jhu wala
a d
the
two
e tities
of
A il
Amba i’s
Relia ce
G oup
as
the
accused
fo
offe ces
of
mo ey
lau de i g
a d
defalcatio
of
ba k
fu ds
of
ove
Rs
40,000
c o e.I
its
cha gesheet
agai st
RCom,
the
age cy
has
said
that
“the
p oceeds
of
c ime
a e
qua tified
at
Rs
40,186
c o e,
the
outsta di g
sum
defaulted
o
by
the
e tities
to
a
co so tium
of
ba ks
a d
fi a cial
i stitutio s”.The
ole
of
the
accused
i
the
aisi g,
deployme t,
co cealme t
a d
p ojectio
of
the
fu ds,
i cludi g
false
ce tificatio
of
e d-use
of
$1
billio
i
FCCB
p oceeds,
was
also
highlighted.ED
sought
co fiscatio
of
p ope ties
wo th
Rs
8,078
c o e
attached
ea lie
i
the
case,
belo gi g
to
Relia ce
Commu icatio s
a d
its
p omote s
a d
di ecto s,
i cludi g
assets
of
A il
Amba i.The
cha gesheet
agai st
Relia ce
I f ast uctu e
Ltd
said,
“P obe
evealed
a
o ga ised
scheme
to
dive t
public
fu ds
f om
fou
NHAI-awa ded
toll- oad
p ojects:
T ichy-Ka u
(NH-67),
T ichy-Di digul
(NH-45),
Salem-Ulu du pet
(NH-68)
a d
Jaipu -Ree gus
(NH-11).
The
p ojects
we e
fi a ced
th ough
NHAI
g a ts
a d
loa s
f om
ba ks
a d
fi a cial
i stitutio s.
App oximately
Rs
187
c o e
was
sipho ed
off
du i g
Sept-Oct
2010.

..
fo
fictitious
sub-co t acti g
wo k.””Docume ts
we e
subseque tly
c eated
to
po t ay
the
t a sfe s
as
ge ui e
p oject
expe ditu e,
while
the
fu ds
we e
laye ed
th ough
shell
e tities
a d
diamo d
t ade s,”
it
ead.
Rega di g
RCom,
it
said,
“F esh
c edit
facilities
we e
f audule tly
used
to
epay,
otate
domestic…liabilities
i stead
of
the
sa ctio ed
e d-use.”