CBI secures return of two fugitives from UAE through Interpol coordination, including a key accused in a multi-crore banking fraud involving diversion of funds via overseas entities.
A Bench of Chief Justice Surya Kant, Justice Joymalya Bagchi and Justice Vipul M. Pancholi said the seriousness of the allegations warranted a senior-level probe by the ED.
The Enforcement Directorate (ED) has attached a United Kingdom-based high-value property located near Buckingham Palace in a Rs 1,400 crore bank fraud case, the agency said on Wednesday.
A major case of bank fraud has surfaced at the State Bank branch at Nighasan in the Lakhimpur district of Uttar Pradesh, where accounts were allegedly opened using forged documents, leading to a misappropriation of around Rs 25 crore.
In separate BSE filings, the companies said, “There is no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders of Reliance Infrastructure [and Reliance Power] due to the recent action by CBI on RCFL, RHFL and Anil Ambani.”
The case was filed under the Prevention of Money Laundering Act (PMLA) based on a first information report (FIR) filed in August 2025 by the Central Bureau of Investigation (CBI).
The Enforcement Directorate (ED) raided the residence of a close aide of suspended IAS officer Abhishek Prakash Singh on Thursday in connection with serious allegations of bribery and a Rs 4 crore bank fraud.
The Directorate of Enforcement (ED) has summoned Anil Ambani, chairman and managing director of Reliance Group (RAAGA companies), for questioning in connection with its ongoing probe into an alleged Rs 17,000-crore loan fraud case.
Private-sector banks reported more cases, but state-owned lenders “contributed maximum” to the fraud amount.
The accused named in the FIR have been identified as M/s Pratibha Industries Limited, Mumbai; Ajit Bhagwan Kulkarni, Ravi Kulkarni, Sunanda Datta Kulkarni, Sharad Prabhakar Deshpande, alll are director and guarantors in the company.
