Court allows CBI to arrest former Reliance ADAG executive Jhunjhunwala in bank fraud case
Alleged bank fraud and misuse of power by a prominent business executive warrants concern.
A Mumbai court allowed the Central Bureau of Investigation (CBI) to formally arrest Amitabh Jhunjhunwala, a former senior executive at the Anil Ambani-led Reliance Group, in connection with alleged bank loan misuse. The court granted the CBI's request to formally arrest Mr. Jhunjhunwala, who was previously under judicial custody for money laundering charges. The CBI claims that Mr. Jhunjhunwala directed the misutilization of loan funds from banks, resulting in wrongful losses. The agency has filed a chargesheet against 16 individuals/entities, including Reliance Communications, alleging criminal conspiracy and misconduct.
1 JUN 2026
· THIS STORY — The Hindu
Court allows CBI to arrest former Reliance ADAG executive Jhunjhunwala in bank fraud case
3 JUN 2026
— Indian Express
A former executive of the Reliance-ADAG group, Amitabh Jhunjhunwala, was remanded to CBI custody until June 5th following an arrest for alleged bank loan fraud.
To respect publishing rights, SatyaDheesh does not host full copyrighted news copy. You can read the complete article on the publisher's platform: