Court remands Anil Ambani’s former aide Jhunjhunwala to CBI custody till June 5 | Mumbai News
Allegations of bank loan fraud and misuse of funds raise concerns about financial irregularities.
Amitabh Jhunjhunwala, a former executive of the Reliance-ADAG group, was remanded to CBI custody until June 5th in connection with an alleged bank loan fraud case. The CBI arrested him after a special court allowed the agency to formally arrest him on Monday. The CBI alleges that Jhunjhunwala misused loan funds, causing wrongful loss to banks, and seeks his custodial interrogation to uncover the conspiracy behind the alleged financial fraud involving Reliance Communications (RCom) and its promoter, Anil Ambani. The investigation is ongoing.
1 JUN 2026
— The Hindu
Court allows CBI to arrest former Reliance ADAG executive Jhunjhunwala in bank fraud case
3 JUN 2026
· THIS STORY — 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.
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