New Delhi, April 30 (IANS) The Supreme Court on Thursday took on record fresh status reports filed by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) in the ongoing probe into the alleged large-scale bank fraud involving Anil Ambani-controlled Reliance Communications (RCom) and associated group entities.A bench of Chief Justice of India (CJI) Surya Kant, and Justices Joymalya Bagchi and Vipul M. Pancholi, was informed by advocate Prashant Bhushan, appearing for the…
Latest Anil Ambani News & Updates
New Delhi, April 28 (IANS) The Enforcement Directorate (ED) has attached another set of assets valued at Rs 3,034.90 crore in the Reliance Communications (RCom) Ltd bank fraud case, bringing the total attachment in Reliance Anil Ambani Group cases to over Rs 19,344 crore, according to an agency statement issued on Tuesday.The special investigation team (SIT) constituted on the directions of the Supreme Court is investigating the Reliance Anil Ambani Group (RAAG) cases involving diversion and lau…
New Delhi, April 21 (IANS) The Economic Offences Wing of Delhi Police has arrested the Chief Financial Officer (CFO) of Anil Ambani-controlled Reliance Power Ltd and two other accomplices for duping Solar Energy Corporation of India (SECI) by using forged bank guarantees to secure tenders, according to a statement issued by the police on Tuesday. Ashok Kumar Pal, the 50-year-old CFO of Reliance Power Ltd, Partha Sarthi Biswal, managing director, Biswal Tradelink Pvt. Ltd of Odisha and Amarnat…
New Delhi, April 20 (IANS) The Central Bureau of Investigation (CBI) has arrested two senior executives of Anil Ambani-controlled Reliance Communications (RCom), D. Vishwanath and Anil Kalya, in connection with the Rs 19,694 crore bank fraud case registered against the company, according to an agency statement on Monday. The CBI had registered a regular case against Reliance Communications Limited, Anil D Ambani, and unknown others on the complaint of State Bank of India (SBI), on the allegation…
New Delhi, April 20 (IANS) The Central Bureau of Investigation (CBI) has arrested two senior executives of Anil Ambani-controlled Reliance Communications (RCom), D. Vishwanath and Anil Kalya, in connection with the Rs 19,694 crore bank fraud case registered against the company, according to an agency statement on Monday.The CBI had registered a regular case against Reliance Communications Limited, Anil D Ambani, and unknown others on the complaint of State Bank of India (SBI), on the allegations…
New Delhi, April 16 (IANS) A Delhi court on Thursday sent two former senior officials of the Anil Ambani-led Reliance Group — Amitabh Jhunjhunwala and Amit Bapna — to five days’ Enforcement Directorate (ED) custody in connection with a money laundering probe linked to an alleged bank loan fraud case.The Special Judge, PMLA, at the Rouse Avenue Courts allowed the ED’s plea for custodial interrogation, sending the duo to the agency’s custody, even as the federal anti-money laundering age…
New Delhi, April 16 (IANS) The Supreme Court on Thursday refused to interfere with the Bombay High Court’s order vacating the interim protection granted to industrialist Anil Ambani against the classification of his loan accounts as “fraudulent” by lender banks under the Reserve Bank of India’s 2024 Master Directions. A Bench of Chief Justice of India (CJI) Surya Kant and Justices Joymalya Bagchi and Vipul Pancholi dismissed Ambani’s petitions challenging the Bombay High Court’s division ben…
New Delhi, April 16 (IANS) Anil Ambani-led Reliance Group said on Thursday that Amitabh Jhunjhunwala and Amit Bapna, who earlier held charge of senior positions in the group, are currently not working with it.The duo has been arrested by the Enforcement Directorate in connection with an ongoing money laundering investigation linked to an alleged banking fraud involving group entities such as Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL).Reliance said that Jhunjhunwa…
New Delhi, April 15 (IANS) The Enforcement Directorate (ED) has arrested Amitabh Jhunjhunwala and Amit Bapna, close aides of industrialist Anil Ambani, in an ongoing investigation under the PMLA, based on multiple ECIRs registered by the Central Bureau of Investigation (CBI), according to sources. Jhunjhunwala, who was the director of Reliance Capital Limited, is alleged to have been one of the key decision-makers in various operations of RHFL (Reliance Home Finance Limited) and RCFL (M/s Rel…
New Delhi, April 1 (IANS) The Central Bureau of Investigation on Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India.The case has been registered on the basis of a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention o…