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 Reliance Communications News & Updates
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…