CBI files fresh case against anil ambani; ED questions him
New Delhi, Feb. 27 -- The Central Bureau of Investigation (CBI) has carried out raids at the residence of Anil Ambani and office premises of Reliance Communications Ltd (RCOM) after registering a fresh case against the industrialist in an alleged bank fraud worth Rs 2,220 crore with Bank of Baroda, the premier anti-corruption agency said on Thursday.
Meanwhile, the Enforcement Directorate (ED) questioned Ambani at its Delhi headquarters with regard to a money laundering probe against the group. The businessman, facing multiple probes, reached the ED office around 11 am and was questioned till 8:30 pm.
CBI said in a statement that the alleged wrongful loss to Bank of Baroda was caused during 2013-2017. "After registration of this case, the CBI has conducted searches at the residence of Anil Ambani and the registered offices of Reliance Communication Ltd. Various documents connected with this loan transaction have been recovered," said the CBI spokesperson in the statement.
"Bank of Baroda suffered a loss of more than Rs 2,220 crore due to the loans availed by Reliance Communications which were allegedly diverted and misutilised by creating fictitious transactions with related parties," the spokesperson said. The first information report (FIR) naming Ambani and RCOM was filed on Wednesday.
The agency said that the loan account was declared a non-performing asset in 2017 itself. "However, based on the petition filed by Anil Ambani before the high court of Bombay, there was stay on the declaration of the accounts as a fraud by the high court. The stay was vacated on February 23 after which the Bank of Baroda lodged this complaint (the next day) and CBI has taken up the case immediately," the spokesperson said.
HT reached out to the Reliance Group for a comment, both on the CBI case and the ED questioning of Ambani. The action comes a day after his Palli Hill residence worth Rs.3,716 crore was attached under the prevention of money laundering act (PMLA) in one of the three cases being investigated by ED....
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