A Special CBI Court remanded Amitabh Jhunjhunwala, former Group Managing Director of Reliance Communications, to CBI custody until June 5 in an alleged bank loan fraud case. The agency sought custodial interrogation as part of its investigation into a suspected large-scale financial fraud involving Reliance Communications and related group entities.
A PIL filed by former government secretary EAS Sarma urges the Supreme Court to monitor a full investigation into alleged Rs 31,580 crore bank fraud by RCOM and Anil Ambani. The plea alleges large-scale fund diversion, fake accounts, shell companies and institutional complicity.
The CBI claims Yes Bank lost more than Rs 2,700 crore after Rana Kapoor invested heavily in Anil Ambani-led companies. The charge sheet accuses both of criminal conspiracy, cheating, and corruption.
