The Enforcement Directorate filed a prosecution complaint on Saturday against Reliance Infrastructure Ltd. (RIL), Sateesh Seth and others with regards to an alleged money laundering case involving Rs 183 crore, as per NDTV.
The economic intelligence agency filed the complaint on Aug. 8, 2026, under the Prevention of Money Laundering Act (PMLA), 2002, before the Special Court (PMLA), Dwarka District Courts, New Delhi.
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The First Information Report (FIR) is regarding shell companies allegedly incorporating and operating via forged documents and bank accounts to funnel finances and make outward remittances through fabricated invoices and over-valued diamond imports.
The case is in connection to ECIR/STF/08/2026 and involves alleged offences under Sections 3 and 3 read with Section 70 of the PMLA, punishable under Section 4 of the Act.
The ED investigation allegedly revealed an organised scheme to divert public funds from four NHAI-awarded toll-road projects, which included Trichy-Karur (NH-67), Trichy-Dindigul (NH-45), Salem-Ulundurpet (NH-68) and Jaipur-Reengus (NH-11).
The projects received their funds through NHAI grants along with loans from banks and financial institutions.
The agency alleged that approximately Rs 187 crore was diverted during September and October 2010 via sham, post-facto and back-dated arrangements displayed as payments for made-up sub-contracting work.
According to the ED, the funds were transferred from RIL or its project-specific Special Purpose Vehicles (SPVs) and EPC contractors to construction contractors and subsequently to shell entities that were in no way linked with the road construction project.
The agency alleged that documents were later created to make the transactions appear to be genuine project expenditure. The funds were then layered through shell companies and diamond traders.
On Aug. 3, 2026, the ED provisionally attached assets worth approximately Rs 187 crore in connection with the case.
The attached assets include immovable properties and equity shares of Reliance Power Ltd. held by Reliance Infrastructure Ltd., along with land held by Ksheeraabd Constructions Pvt. Ltd.
Sateesh Seth was arrested by the ED in the case on June 12, 2026, and is currently in judicial custody.
The ED said further investigation is underway to ascertain the role of other individuals allegedly involved in the money laundering network.
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