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…
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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…