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ED secures five-day custody of two accused in RHFL-RCFL ‘fund diversion’ case

2024 03 22T105959Z 1681516959 RC2WK6A5A7DZ RTRMADP 3 INDIA ELECTION OPPOSITION DIRECTORATE.JPG 2024 03 22T105959Z 1681516959 RC2WK6A5A7DZ RTRMADP 3 INDIA ELECTION OPPOSITION DIRECTORATE.JPG

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| Photo Credit: Reuters

NEW DELHI

The Enforcement Directorate has secured five days’ custody of two accused persons in connection with a case alleging diversion of funds from Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) through shell companies.

The accused Amitabh Jhunjhunwala and Amit Bapna, former senior executives of Reliance (Anil Ambani) group entities, were arrested on Wednesday (April 15, 2026). They were produced before a special court that sent them to ED custody on Thursday (April 16, 2026).

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