On Wednesday, the Enforcement Directorate (ED) arrested Amitabh Jhunjhunwala and Amit Bapna, former senior executives of the Anil Dhirubhai Ambani Group (ADAG), in connection with a money laundering case. The arrests were made under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002. The ED claims to have uncovered a 'pre-conceived and well-planned scheme' to divert public funds from Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL) through shell companies disguised as legitimate corporate loans. The agency alleges that both Jhunjhunwala and Bapna were aware of these shell entities, with Bapna playing a crucial role in the sanctioning and disbursal of loans. The investigation indicates that the transaction structures were designed to evade regulatory norms, allowing for the layering and concealment of the funds' origins. The forensic audit by Grant Thornton India LLP highlighted significant irregularities, revealing that approximately 39% of the ₹4,766.62 crore (roughly $570 million USD) traced in end utilization was used for servicing debts of related entities. The ED emphasized the necessity of custodial interrogation to confront the accused with evidence and trace further proceeds of crime. Additionally, concerns were raised regarding Bapna's potential flight risk due to his current employment in Indonesia.