business ๐จ ED hits Reliance Infra in NHAI toll road scam
The Enforcement Directorate filed a prosecution complaint against Reliance Infrastructure Ltd. and others regarding an alleged Rs 183 crore money laundering case. This action was taken in New Delhi concerning four NHAI-awarded toll-road projects, including Trichy-Karur and Jaipur-Reengus. Approximately Rs 187 crore was allegedly diverted during September and October 2010 through fake subcontracting payments. The funds were reportedly layered through shell companies and diamond traders before being moved. Further investigation is ongoing to identify all individuals involved in this money laundering network.