PMLA authority confirms attachment of RCOM assets worth Rs 581.65 crore

Enforcement raidRegulatory & Legal View source PDF Explain this filing

RCOM · price

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AI summary

PMLA Adjudicating Authority on August 25, 2026 confirmed attachment of RCOM's movable and immovable properties worth Rs 581.65 crore under Section 5(1) of PMLA. Case relates to alleged proceeds of crime worth Rs 1,182 crore routed from RCFL through 5 NBFCs to RCOM and used to repay Chinese bank loans. Company says no immediate impact on operations. Appeal can be filed within 45 days. RCOM is already under CIRP since June 2019.

Likely market impact

Negative for shareholders. Rs 581.65 crore in assets attached under PMLA. RCOM already under insolvency resolution since 2019.