US EditionIndia's federal investigator opens criminal case against Anil Ambani, his company
The Central Bureau of Investigation registered a criminal case on August 21 against Anil Ambani and others for causing a ₹2,929 crore loss to SBI through alleged misappropriation and fund diversion.
- The Central Bureau of Investigation registered a case against Anil Ambani and Reliance Communications Ltd. for an alleged bank fraud costing over ₹2,929 crore to the State Bank of India.
- A complaint from Jyoti Kumar of the State Bank of India reported the fraud after a forensic audit covering April 2013 to March 2017.
- The CBI alleges misuse and diversion of funds involving Ambani and other unknown associates.
- Anil Ambani denied all charges and stated he will defend himself against the allegations.
17 Articles
17 Articles
Anil Ambani, Reliance communications face criminal probe after bank complaint
India's federal investigating agency said on Saturday it had opened a criminal case against industrialist Anil Ambani and his company Reliance Communications Ltd following a complaint by India's largest bank about alleged fraud. State Bank of India alleged that Anil Ambani, the younger brother of billionaire Mukesh Ambani, and Reliance Communications defrauded the bank, causing 30 billion Indian rupees ($344 million) of losses. India's Central B…
India investigator files criminal case against tycoon Anil Ambani
MUMBAI: India's national investigative bureau opened a criminal case against tycoon Anil Ambani after receiving a complaint from the country's biggest bank alleging fraud, the agency said Saturday (Aug 23). Anil, the younger sibling of Asia's richest man Mukesh Ambani, has business interests that range fro
India’s federal investigator opens criminal case against Anil Ambani, his company
India’s federal investigating agency said on Saturday it had opened a criminal case against industrialist Anil Ambani and his company Reliance Communications Ltd following a complaint by India’s largest bank about alleged fraud.
India's federal investigator opens criminal case against Anil Ambani, his company
India's federal investigating agency said on Saturday it had opened a criminal case against industrialist Anil Ambani and his company Reliance Communications Ltd following a complaint by India's largest bank about alleged fraud.
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