The Central Bureau of Investigation (CBI) on Thursday questioned industrialist Anil Ambani in connection with an alleged Rs 2,929 crore cheating case linked to Reliance Communications Ltd (RCom), after a complaint by the State Bank of India (SBI), officials said.
File Photo: IANS
The Central Bureau of Investigation (CBI) on Thursday questioned industrialist Anil Ambani in connection with an alleged Rs 2,929 crore cheating case linked to Reliance Communications Ltd (RCom), after a complaint by the State Bank of India (SBI), officials said.
Anil Ambani arrived at the CBI headquarters on Thursday morning for questioning as part of the ongoing probe into alleged fund diversion, misappropriation and irregularities in loan funds extended to the company. Incidentally, his appearance before the CBI came days after his eldest son, Jai Anmol Ambani, was questioned in connection with another bank fraud case, for more than six hours.
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The CBI has alleged that funds meant for business operations were diverted, with irregularities flagged in how the loans were utilised. The probe agency is examining financial transactions, internal approvals as well as the end-use of funds as part of its investigation.
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The SBI had complained about suspected financial irregularities after Anil Ambani-linked telecom company Reliance Communications Ltd (RCOM) defaulted on large loans. RCOM had accumulated massive debt before entering insolvency proceedings, leaving lenders with significant exposure.
Anil Ambani also faces an Enforcement Directorate probe into alleged financial irregularities within his Reliance Group. In February, the ED seized the tycoon’s 17-storey luxury apartment in Mumbai as part of its investigation.
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