Amitabh Jhunjhunwala and Amit Bapna arrested by ED

Amitabh Jhunjhunwala and Amit Bapna were arrested by India’s Enforcement Directorate (ED). This occurred on April 15, 2026, as part of an ongoing money laundering investigation linked to the Anil Ambani Group.

Arrest Details

The duo, former senior executives of Reliance Group companies like Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL), were taken into custody under the Prevention of Money Laundering Act (PMLA). They appeared before a special court in New Delhi, where ED sought custody for interrogation to trace crime proceeds and prevent evidence tampering. No further court updates beyond initial remand requests are available as of April 16, 2026.

Case Background

ED alleges a scheme to divert public funds—worth thousands of crores—via shell companies disguised as corporate loans, defrauding banks and investors. Jhunjhunwala, a former managing director and non-resident Indian with a Dubai visa, and Bapna, linked to an Indonesia firm, face flight risk concerns. The probe builds on prior CBI actions against Anil Ambani firms.

Both individuals are described as close aides to Anil Ambani, with roles in ADAG entities central to the fraud allegations. The investigation continues to identify additional involved parties using seized documents and digital evidence.