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

Image used for representational purposes only

Image used for representational purposes only
| 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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