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…
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New Delhi, March 6 (IANS) The Enforcement Directorate (ED) on Friday conducted a series of raids on various businesses and individuals associated with industrialist Anil Ambani.According to agency sources, the coordinated raids were conducted at 10 to 12 locations across Mumbai.A team of approximately 15 specialised ED units initiated the searches in the early hours, focused on the registered offices and residential premises of people related to the power utility company, sources added.Meanwhile…
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…
New Delhi, Jan 30 (IANS) The Directorate of Enforcement (ED) has arrested Punit Garg, ex-Director of Reliance Communications (RCOM) Ltd, under the Prevention of Money Laundering Act (PMLA) in the over Rs 40,000 crore bank fraud and money laundering case, an agency statement said on Friday.The probe shows Garg diverted proceeds of crime to offshore entities and used these proceeds of crime for financing the overseas education of his children. He also fraudulently sold an $8.3 million luxury condo…