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.
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.
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.
Premier David Eby, the leader of the minerals- and gas-rich province of British Columbia, spoke with executives at Tata Steel and Reliance Industries on a trade mission to India.
Overall, President Droupadi Murmu has approved Gallantry awards to 70 armed forces personnel, including six posthumous, on the eve of 77th Republic Day.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
COMMENTS