Anil Ambani

Mumbai police's Economic Offences Wing has filed a cheating and conspiracy case against former directors of anil ambani-linked companies. Accused allegedly secured a Rs 150 crore bank loan, diverted funds, and defaulted. This marks the second FIR filed by Axis Bank against ADAG group companies, with the crime spanning from 2010 to 2019.

The Supreme Court emphasized its reluctance to direct arrests, prioritizing evidence collection and witness protection. While monitoring investigations, the bench declined to comment on the merits of the anil ambani Group (ADAG) case, citing past collateral damage to reputations. The CBI has filed nine FIRs totaling Rs 27,337 crore against ADAG entities.

A PIL petitioner has informed the Supreme Court that while officials of Anil Dhirubhai Ambani Group (ADAG) companies are being arrested, the main perpetrator in the alleged Rs 40,000 crore loan siphoning case remains untouched. The Solicitor General cited new facts for probe delays.

Voters care not a fig for statistical debates. What they do know is that soaring stock markets have made the wealthy wealthier. However, they are not unhappy that Mukesh Ambani has become richer, nor are they happy that anil ambani has gone bust. They don’t care either way because, unlike Left ideologues, they do not think that they are poor because the rich are getting richer

What began as a quixotic proposal by two sport-loving brothers has grown into one of Asia’s largest marathons over two decades and a USD450 million ecosystem.

The CBI has filed a new case against anil ambani and Reliance Communications, along with bank officials, following an LIC complaint. Allegations suggest LIC was misled into investing Rs 4,500 crore in Non-Convertible Debentures based on false financial representations. A forensic audit revealed alleged misuse of funds, including siphoning through subsidiaries and fictitious transactions, causing a Rs 3,750 crore loss.

Chief Minister Mamata Banerjee slammed the electoral roll revision as a "got-up game," comparing it to a Chaitra sale. She assured citizens that no one would be expelled from Bengal, highlighting the removal of names from the voters' list, particularly in the Matua belt.

The Supreme Court has expressed strong disapproval of probe agencies' perceived hesitation in investigating anil ambani's ADAG group for alleged Rs 40,000 crore loan fraud. Directing CBI and ED to expedite a coordinated inquiry, the court emphasized transparency and fairness. Fresh status reports are mandated within four weeks, with the court urging action against all involved in irregular loan sanctions.

RCom, Ambani, his close associates and some family members are under investigation in the purchase and sale of an apartment worth over Rs 70 crore in Manhattan, New York. Sources said the chargesheet has mentioned Vaishali Jairam Mane, besides Garg, as an accused. Mane was an RCom employee based in the US. ED had questioned Ambani and his son in this case earlier.

Reliance Group chairman anil ambani on Tuesday assured the stakeholders that the group is committed to meet all payment obligations in a timely manner. He said that the group has repaid the principal of Rs 24,800 crore and made interest payments of Rs 10,600 crore between April 1, 2018, and May 31, 2019, despite challenging conditions and no financial support from financiers.

Reliance Group Chairman anil ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others. Ambani's nine group companies are stated to have taken loans of about Rs 12,800 crore from the bank that reportedly were under "stress".

Three Chinese banks are suing Reliance Group chairman anil ambani in a London court for failing to pay back $680 million in defaulted loans. The Industrial & Commercial Bank of China Ltd, China Development Bank and the Export-Import Bank of China agreed to loan $925.2 million to RCom in 2012 on condition that he provide a personal guarantee, ICBC’s lawyer Bankim Thanki told the court.

The Delhi high court on Thursday halted insolvency proceedings against Reliance Group chairman anil ambani, the younger brother of India’s richest man, and barred him from disposing of any of his assets. anil ambani had filed a plea with the HC challenging the appointment of a resolution professional over a roughly Rs 1,200 crore ($163 million) personal guarantee he gave to SBI.

Reliance Group chairman anil ambani has been summoned by the ED later this week in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday.

A unit of Reliance Communications Ltd, anil ambani’s distressed telecom firm, has filed for bankruptcy protection. GCX Ltd, which owns the world’s largest private undersea cable system, is the latest company owned by the tycoon to stumble.

Reliance Group chairman anil ambani lost an attempt to appeal a UK court order that he set aside $100 million in his dispute with three Chinese banks. He has until 4:00 pm on Friday in London to make the payment or run the risk of losing the lawsuit over $700 million in defaulted loans. Banks could seek summary judgment and move forward to seize Ambani's assets.

anil ambani has resigned as director of Reliance Communications (RCom), the debt-ridden company said in a filing on Saturday. RCom, which is currently going through insolvency process, has posted a consolidated loss of Rs 30,142 crore for July-September 2019 due to provisioning for liabilities after the Supreme Court ruling on statutory dues.

Three Chinese banks — Industrial and Commercial Bank of China Ltd (ICBC), China Development Bank and the Export-Import Bank of China — are suing Ambani in the high court here for more than $700 million (over Rs 5,000 crore) , including interest, for defaulting on a loan they gave Reliance Communications (RCom) — now in insolvency proceedings — in February 2012, which RCom defaulted on.