New Delhi: law enforcement bureau A chargesheet has been filed before a special court here against Punit Garg, who Anil Ambaniin an investigation into money laundering Reliance Communications (RCom).RCom, Ambani, his close associates and some family members are under investigation for the purchase and sale of an apartment in Manhattan, New York, worth over Rs 70 crore. Sources said that besides Garg, Vaishali Jairam Mane was also named as an accused in the chargesheet. Mane is an RCom employee based in the United States. The ED had earlier questioned Ambani and his son in connection with the case.The investigative agency has established a money trail of funds allegedly stolen from RCom and transactions conducted through several related shell entities. One of the shell companies was used to finance the overseas education of Garg’s children and the alleged proceeds of crime were misappropriated from a bank loan taken by RCom from an SBI-led consortium.The Manhattan apartment was later sold for $8.3 million, money that was “remitted from the United States under the guise of a sham investment arrangement with a Dubai-based entity controlled by an individual with ties to Pakistan, without the knowledge or consent of the resolution professional.” Dubai-based Azco Real Estate Brokers LLC is also under investigation.Garg was arrested at ED headquarters on January 29 and summoned for questioning regarding the Manhattan apartment and funding of more than $40,000 in college tuition for the children, in addition to using more than $36,000 in rental income from the apartment to pay for his daughter’s expenses.
