CBI has booked Anil Ambani’s son on Union Bank of India’s complaint against his finance firm that caused alleged loss of Rs 228 crore. Raids were conducted Tuesday.
The Enforcement Directorate is investigating alleged undisclosed foreign assets and offshore entities linked to Anil Ambani and the Reliance Anil Ambani Group (RAAG).
ED money laundering probe found lapses & regulatory violations by at least 3 group companies once managed by Anil Ambani, including RCom. Prosecution complaint against Anil Ambani imminent.
New Delhi: The Enforcement Directorate (ED) has attached 40 properties worth about Rs 3,084 crore linked to entities of the Reliance Anil Ambani Group...
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.
Despite multiple agencies being involved, the US could maintain a clear chain of command. This is something India should consider too, as it defines the theatre command structures.
The latest comment comes as New Delhi and Washington have yet to sign a trade agreement. India’s purchase of Russian oil has reduced, but Moscow remains top source for crude.
Export arrangements entered with nations ranging from Azerbaijan to Zimbabwe, highlighting both geographic reach & growing contours of Pakistan’s defence export composition.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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