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…