The Enforcement Directorate has provisionally attached assets worth ₹3,034 crore linked to Reliance Anil Ambani Group firms, including Reliance Communications and Reliance Infrastructure, in an ongoing money laundering probe under the PMLA, bringing total attachments to Rs 19,344 crore
The CBI has arrested two senior Reliance Communications executives in connection with a Rs 19,694 crore bank fraud case. Investigations revealed alleged fund diversion and fraudulent transactions, causing major losses to public sector banks and financial institutions
Reliance Group chairman Anil Ambani appeared before the Enforcement Directorate in Delhi for fresh questioning in a Rs 40,000 crore bank fraud-linked money laundering case involving Reliance Communications. The ED recently attached his Mumbai residence and formed an SIT
Cobrapost has alleged that the Anil Ambani-led Reliance Group diverted Rs 28,874 crore using shell companies and offshore entities across multiple countries. The report claims funds were routed through subsidiaries and SPVs before being written off. The group denied the allegations
Bank of India has classified Reliance Communications’ ₹700 crore loan as fraudulent, naming former director Anil Ambani and others over alleged fund diversion in 2016. Earlier, SBI made similar allegations. CBI has launched investigations, while Ambani denies wrongdoing
SBI has declared Reliance Communications’ loan account as ‘fraud’ and named Anil Ambani in its RBI report. The telecom firm, currently under insolvency proceedings, says the loans pre-date CIRP and are being addressed through a resolution plan.
Under the approved resolution plan approved by lenders, RCom and its subsidiary RTIL will go to UVARCL, while the tower unit Reliance Infratel will go to Jio for a total consideration of Rs 20,000-23,000 crore to be paid over a period of seven years
