Amitabh Jhunjhunwala denied bail in Reliance ADAG money laundering case

The Rouse Avenue Court in Delhi has rejected the bail application of Amitabh Jhunjhunwala, a former senior executive of the Reliance Anil Dhirubhai Ambani Group (ADAG). The case involves money laundering allegations linked to Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).

Special Judge Vishal Pahuja dismissed the plea after hearing arguments from the Enforcement Directorate (ED) and defense counsel. The court identified Jhunjhunwala as the ‘principal architect’ of the alleged crime and noted his potential to influence staff members who are witnesses in the ongoing investigation. The judge stated that the risk of witness tampering and evidence tampering could not be ignored.

Jhunjhunwala’s legal team sought bail on medical grounds, citing his age and status as a ‘sick’ or ‘infirm’ person under the Prevention of Money Laundering Act, 2002. However, the court ruled that the gravity of the allegations and the ongoing nature of the investigation provided insufficient grounds for bail at this stage.