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New Delhi: Reliance Group Chairman and Managing Director Anil Ambani has formally addressed the latest developments surrounding the alleged Rs 2,929 crore bank fraud case. The spokesperson on behalf of Anil D. Ambani said, “…….” “The search at Anil D. Ambani’s residence concluded early saturday afternoon. The complaint filed by State Bank of India (SBI)…
New DelhiA few moments ago Copy link Earlier on July 23, ED raided more than 35 locations associated with Anil Ambani’s Reliance Group. (File photo) The CBI has raided several locations of Reliance Group of Anil Ambani on 23 August today. According to media reports, this Red Bank fraud has been done in Mumbai. Apart…
New Delhi: The Legal counsel representing Anil Ambani has said that State Bank of India’s action against RCom chairman and managing director Anil Ambani does not follow principles of natural justice as laid down by the Supreme Court. “SBI’s ex-parte action against Ambani is in violation of the principles laid down by the top court,…
Sebi has turned down industrialist Anil Ambani’s bid to settle charges related to Yes Bank investments, reported Reuters, citing documents. This could leave him facing penalties of no less than Rs 18,280 crore. The case relates to investments worth Rs 21,500 crore made by Reliance Mutual Fund, then owned by Ambani, in Yes Bank’s additional…
No news Business Business News Update; Share Market, Gold And Silver, Petrol Diesel Price Today, Trump To Impose 25% Tariff On India From 7 August New Delhi14 minutes ago Copy link Yesterday’s big news was related to F-35 Stealth Fighter Jet. India has told the US officials that it is not interested in buying F-35…
The difficulties of Reliance Group Chairman and Managing Director Anil Ambani have increased in the alleged loan fraud and money laundering case related to Rs 3000 crore. The Enforcement Directorate (ED) has issued a lookout circular against him today (Friday). Now he cannot go out of India without the permission of the court. This action…
Mumbai33 minutes ago Copy link The case is related to a loan of about Rs 3,000 crore given by Yes Bank to Reliance Group companies associated with Anil Ambani between 2017 and 2019. The Enforcement Directorate (ED) has issued summons to Reliance Group Chairman and MD Anil Ambani in a loan fraud case of ₹…
New Delhi35 minutes ago Copy link Reliance Group companies said that this action would not affect their business, financial performance, or shareholders. Raids at more than 35 places associated with Anil Ambani’s Reliance Group of Anil Ambani have been completed on Sunday. The action started on 24 July, which lasted for three days. The Red…
New Delhi: Following reports of the ED probe allegedly linked to money laundering case against Reliance Anil Ambani Group (RAAGA) Companies, Reliance Power and Reliance Infrastructure have informed the stock exchange that it has on impact on business operations. Reliance Power and Reliance Infrastructure are Anil Ambani-owned Group companies. In an exchange filing, Reliance Power…
MumbaiA few moments ago Copy link SBI says that RCom misused a loan of Rs 31,580 crore taken from the bank. (File photo) The Enforcement Directorate (ED) has raided nearly 50 places in Anil Ambani’s companies in Mumbai today i.e. 24 July. This action took place when the State Bank of India (SBI) declared Anil…