Mumbai, July 7 (IANS) The Central Bureau of Investigation (CBI) on Tuesday filed the first charge sheet in the Reliance Commercial Finance Ltd (RCFL) case against seven accused, including two Reliance Group companies, for causing a loss of Rs 4,097 crore to public sector banks, according to a statement issued by the investigative agency.The accused in the charge sheet, filed before the Special Judge for CBI cases, include Reliance Infrastructure Ltd and Reliance Home Finance Ltd (RHFL), and five…
Latest Reliance Commercial Finance Ltd News & Updates
New Delhi, July 4 (IANS) The Central Bureau of Investigation (CBI) on Saturday said that it has arrested Amit Bapna, former Chief Financial Officer of Reliance Capital Ltd, in connection with the ongoing investigation into the Reliance ADA Group cases.According to the CBI, the investigation has revealed that Amit Bapna — who served as Chief Financial Officer of Reliance Capital Ltd from August 2014 to December 2019 — was one of the key decision-makers responsible for managing the financial aff…
New Delhi, July 1 (IANS) A Delhi court on Wednesday extended the judicial custody of two former senior officials of the Anil Ambani-led Reliance Group — Amitabh Jhunjhunwala and Amit Bapna — till July 15 in connection with a money laundering probe linked to an alleged bank loan fraud case. The two accused were produced before the Rouse Avenue Court through video conferencing on the expiry of their earlier judicial custody.The court also posted the matter for July 9 for hearing on the question …
Mumbai, May 9 (IANS) The Central Bureau of Investigation (CBI) on Saturday said it has conducted searches at 17 premises in Mumbai in connection with three cases registered against Anil Ambani-led Reliance ADA Group companies — Reliance Telecom Ltd, Reliance Commercial Finance Ltd, Reliance Home Finance Ltd and their Directors.According to a CBI statement, these searches are “being conducted at the residential premises of Directors of the above-mentioned companies as well as at the office pre…
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) 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, March 19 (IANS) The Central Bureau of Investigation (CBI) questioned Reliance Group Chairperson Anil Ambani on Thursday for 8 hours at a stretch in a complaint filed by the SBI related to an alleged Rs 2,929 crore fraud by Reliance Communications (RCom). Ambani has been asked to appear for further interrogation at the CBI office on Friday.The CBI registered a complaint after the SBI claimed a loss of Rs 2,929 crore resulting from alleged misappropriation by RCom and Anil Ambani by ent…
New Delhi, March 19 (IANS) The CBI on Thursday interrogated Amit Dangi, a top executive of Authum Investment & Infrastructure Ltd, in connection with the Rs 57.47 crore bank fraud case involving Reliance Commercial Finance Ltd.Dangi is a whole-time director at Authum Investment & Infrastructure Ltd., which has taken over the assets of Reliance Commercial Finance Ltd and Reliance Home Finance Ltd, which are under investigation.The CBI had summoned Amit Dangi for interrogation on Thursday …
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)…