Times of India | CBI arresting only ADAG officials and not kingpin: Petitioner in Supreme Court

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A public‑interest petition filed in the Supreme Court has urged the court to question why the CBI and Enforcement Directorate have only arrested mid‑level officials of the Anil Dhirubhai Ambani Group (ADAG) in the probe of a alleged ₹40,000‑crore loan‑siphoning scheme, while the alleged mastermind remains untouched. After senior advocate Prashant Bhushan’s complaint, Solicitor General Tushar Mehta explained that the agencies need more time due to new facts uncovered, and submitted their status reports to a bench led by Chief Justice Surya Kant and Justice J Bagchi. The court, which had earlier expressed dissatisfaction with the agencies’ reluctance to act against ADAG companies, said it will consider the reports and issue further directions at the next hearing on May 8. Counsel for Anil Ambani, including Mukul Rohatgi and Kapil Sibal, argued that the group is ready to discuss settlements with banks and highlighted the broader issue of insolvency‑driven takeovers that harm creditors, while the judges stressed that big players should not escape accountability.

Read more: https://timesofindia.indiatimes.com/india/cbi-arresting-only-adag-officials-and-not-kingpin-petitioner-in-supreme-court/articleshow/130659128.cms

#CBI #EnforcementDirectorate #SupremeCourt #AnilAmbani #TusharMehta #AnilDhirubhaiAmbani #SuryaKant #JBagchi #KapilSibal #MukulRohatgi #PrabhasBajaj

Times of India | Money laundering case: ED attaches Mumbai flat, farmhouse of Anil Ambani

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The Enforcement Directorate (ED) has attached additional family assets of Anil Ambani and his Reliance group worth about ₹3,035 crore, including a flat in Mumbai’s Usha Kiran building, a farmhouse in Khandala (Pune), a land parcel in Sanand, Ahmedabad, and shares of Reliance Infrastructure Ltd held through a family trust, bringing total attachments in the ongoing money‑laundering case to roughly ₹20,000 crore. The agency says the properties were seized under the Prevention of Money‑Laundering Act to prevent asset dissipation and protect banks and the public, as Reliance Communications is alleged to have defaulted on over ₹40,000 crore of loans and siphoned public funds. ED clarified that the flat is registered in Anil Ambani’s name, the farmhouse is held by Luna Trust and his son Jai Anshul Ambani, and the Sanand land belongs to the Mudra Foundation for Communications Research and Education. The attached assets will be retained until due legal process determines legitimate claimants, with the aim of eventually recovering the money for victim banks and the public.

Read more: https://timesofindia.indiatimes.com/india/ed-attaches-mum-flat-farmhouse-of-anil-ambani/articleshow/130592851.cms

#AnilAmbani #EnforcementDirectorate #RelianceGroup #RelianceCommunications #KokilabenAmbani #JaiAnshulAmbani

Times of India | Jhunjhunwala, Bapna sent to judicial custody

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A Delhi court has remanded former Anil Dhirubhai Ambani Group senior executive Amitabh Jhunjhunwala and Anil Ambani aide Amit Bapna to judicial custody until May 2 in connection with a bank‑loan‑fraud‑linked money‑laundering case, with the prosecution arguing that their release at this stage could compromise the investigation; the matter will be heard again on May 2 before Special Judge Hasan Anzar.

Read more: https://timesofindia.indiatimes.com/india/jhunjhunwala-bapna-sent-to-judicial-custody/articleshow/130404708.cms

#AnilAmbani #AmbaniGroup #DelhiCourt #AmitabhJhunjhunwala #AmitBapna #HasanAnzar #AnilDhirubhaiAmbani #KoushikiSaha

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Times of India | Bank fraud case: CBI arrests 2 senior executives of Anil’s Reliance Communications

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The CBI arrested two senior Reliance Communications (RCOM) officials—joint president D Vishwanath and vice‑president Anil Kalya—after a State Bank of India complaint alleged massive fund‑misuse that caused public‑sector lenders to incur losses amounting to ₹2,929 crore for SBI alone and a total wrongful loss of about ₹19,694.3 crore across a consortium of 17 banks and financial institutions. The investigation uncovered that RCOM had routed transactions through a network of shell entities controlled by company officers. In response, the Reliance Group clarified that RCOM is no longer part of the group, has been under corporate insolvency resolution since 2019, and that Anil Ambani was not involved in its day‑to‑day operations.

Read more: https://timesofindia.indiatimes.com/india/cbi-arrests-2-senior-reliance-communications-executives/articleshow/130404650.cms

#CBI #RelianceCommunications #SBI #AnilAmbani #InsolvencyCode #DVishwanath #AnilKalya

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