New Delhi, Feb 26 (IANS) The Central Bureau of Investigation (CBI) conducted searches at the residences of industrialist Anil Ambani and offices of Reliance Communications (RCom) after registering a second case against the company on the complaint given by the Bank of Baroda dated February 24 for offences of conspiracy, cheating under the IPC, and criminal misconduct and abuse of official position under the Prevention of Corruption Act.The case has been filed against Anil Ambani, promoter and er…
Latest Anil Ambani News & Updates
New Delhi, Feb 25 (IANS The Enforcement Directorate (ED) has provisionally attached the Rs 3,716.83 crore worth posh Pali Hill residential property ‘Abode’ of Anil Ambani in Reliance Communications Ltd’s bank fraud case, according to an official statement issued on Wednesday. Enforcement Directorate (ED), Special Task Force, Headquarters has provisionally attached the Pali Hill residential property under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).Earlier, part of…
New Delhi, Feb 4 (IANS) The Supreme Court on Wednesday expressed serious concern over an “unexplained delay” by the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) in probing alleged large-scale bank loan frauds linked to Reliance Communications Ltd (RCOM), its group companies, and promoter Anil Ambani, involving public funds estimated at Rs 40,000 crore. A Bench headed by Chief Justice of India (CJI) Surya Kant asked the ED to constitute a Special Investigation Te…
New Delhi, Jan 28 (IANS) The Enforcement Directorate (ED) has provisionally attached assets worth Rs 1,885 crore of Anil Ambani’s Reliance Group, including immovable properties, bank balances, receivables and shareholding in unquoted investments, according to a statement issued by the agency on Wednesday. The attachments have been done in the Reliance Home Finance Ltd (RFHL), the Reliance Commercial Finance Ltd (RCFL), and the Yes Bank fraud case, as well as the Reliance Communication Ltd (RCOM)…
New Delhi, Jan 23 (IANS) The Supreme Court on Friday sought sealed-cover status reports from the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) on their ongoing probes into alleged large-scale bank frauds linked to Reliance Communications Ltd (RCOM), its group companies, and promoter Anil Ambani. A Bench of Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi directed the two Central agencies to apprise the top court of the progress made in the investig…