New Delhi, July 18 (IANS) The Central Bureau of Investigation (CBI) on Saturday said it conducted searches at 15 premises in Mumbai and here in connection with cases registered against Reliance Commercial Finance Ltd. (RCFL) and Reliance Home Finance Ltd. (RHFL), both Reliance ADA Group companies led by Anil D. Ambani.According to the CBI, the searches covered 23 interlinked entities associated with the Reliance ADA Group, which were allegedly used as conduits for the diversion of bank funds bor…
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Mumbai, June 1 (IANS) The CBI has arrested top executive of Reliance Communication Group, Amitabh Jhunjhunwala for causing a loss of over 6,000 crore to an SBI-led consortium of banks. He was the Group Managing Director of Reliance Communications group at the relevant time and was controlling the affairs of important functions like corporate finance, banking and utilisation of funds, according to a CBI statement issued on Monday. Jhunjhunwala coordinated with senior formations of the bank for lo…
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, March 23 (IANS) In a fresh affidavit filed before the Supreme Court, industrialist Anil D. Ambani has proposed the constitution of a lenders’ committee to determine the actual dues owed by Reliance Communications (RCOM) and its group entities, along with a detailed plan for structured resolution of the liabilities. The supplementary counter-affidavit seeks the constitution of a lenders’ committee, anchored by the State Bank of India and Bank of Baroda, to determine the actual …
New Delhi, Feb 19 (IANS) Industrialist Anil D. Ambani has filed an undertaking/compliance affidavit before the Supreme Court reiterating that he will not leave the country without prior permission of the apex court in connection with the ongoing probe into alleged large-scale bank loan frauds linked to Reliance Communications Ltd (RCOM) and its group entities.The affidavit has been filed in a pending public interest litigation (PIL) seeking a court-monitored probe into the allegations that more …