Enforcement Directorate arrests CFO of Reliance Power subsidiary, chartered accountant with 25 years experience, for allegedly colluding to provide fake bank guarantees for his employer.
Court dismissed Ambani’s plea for a personal hearing, saying that SBI had provided him adequate opportunity to explain his case in line with RBI and Supreme Court directions.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
FIR is based on a complaint by SBI, which had flagged the account of Reliance Communications as fraudulent. The bank has an exposure of around Rs 3,000 cr in the firm.
Sandeepa Virk has been arrested on charges of engaging in illicit liaison work with Angarai Natarajan Sethuraman of Reliance Group, which is facing a money laundering probe.
SEBI, SBI have raised several red flags over alleged fund diversion, questionable accounting and round-tripping by entities linked to the Reliance Group and its chairman.
Reliance Group chairman asked to appear at ED headquarters in New Delhi for recording statement. ED's money laundering probe is based on two cases lodged by CBI in September 2022.
ED probe stems from two CBI cases lodged in September 2022 against Rana Kapoor and Reliance Commercial Finance Limited and Reliance Home Finance Limited.
According to regulatory filing, Rcomm got Rs 31,580 cr in bank loans, but a Fraud Committee of the bank found misuse involving complex fund transfers across multiple group entities.
Joint venture will offer comprehensive maintenance, repair and overhaul (MRO), upgrade and lifecycle support services for a range of Indian military assets.
The test raises a question. Why have Russian nuclear strategists now invested in the Burevestnik, when the US abandoned nuclear ramjet propulsion in 1964?
Tajikistan did not want to extend the lease because of apparent pressure from Russia & China over non-regional military personnel at the air base, it is learnt.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
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