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

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

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| Photo Credit: Reuters

NEW DELHI

The Enforcement Directorate has secured 5 days’ custody of two accused individuals in reference to a case alleging diversion of funds from Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) by shell corporations.

The accused Amitabh Jhunjhunwala and Amit Bapna, former senior executives of Reliance (Anil Ambani) group entities, had been arrested on Wednesday (April 15, 2026). They had been produced earlier than a particular court docket that despatched them to ED custody on Thursday (April 16, 2026).

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