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₹2,929-Cr Loan Fraud Case: Former RCom MD Held, Sent to Arthur Road Jail
The court said the probe is ongoing and ordered judicial custody after Jhunjhunwala was produced from Tihar Jail.
- On Monday, a Mumbai special court permitted the Central Bureau of Investigation to formally arrest Amitabh Jhunjhunwala, former Group Managing Director of Reliance Communications, in connection with an alleged bank loan fraud case.
- The agency filed a chargesheet on Friday against 16 individuals and entities, alleging misuse of a Rs 1,200 crore State Bank of India term loan, Rs 500 crore in Bank of Maharashtra facilities, and Rs 350 crore from Syndicate Bank.
- Jhunjhunwala was produced from New Delhi's Tihar Jail on a transit warrant, though proceedings extended beyond court hours, prompting Judge J P Darekar to describe the circumstances as a "peculiar situation."
- The court ordered Jhunjhunwala into judicial custody at Mumbai's Arthur Road Jail, directing authorities to provide medical treatment for his reported spine fracture and heart ailment.
- Investigators continue probing an alleged Rs 2,929.05 crore loss involving industrialist Anil Ambani and Reliance Communications, with total exposure reaching Rs 19,694.33 crore across 17 public-sector banks.
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SBI loan diversion: Arrested ex-RCom MD oversaw key functions, utilisation of loan funds, says CBI
Amitabh Jhunjhunwala’s arrest stems from an FIR filed against Reliance Communications and its former MD Anil Ambani on the complaint of SBI over loss of Rs 2,929.05 crore.
·New Delhi, India
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₹2,929-cr loan fraud case: Former RCom MD held, sent to Arthur Road jail
former Reliance Anil Dhirubhai Ambani Group (ADAG) executive Amitabh Jhunjhunwala was produced before the special court by Tihar Jail authorities following a prolonged legal process initiated by the CBI to secure his presence in Mumbai
·New Delhi, India
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Coverage Details
Total News Sources15
Leaning Left3Leaning Right2Center2Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 28%
Factuality
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