Fresh ED summons for Anil Ambani over RCom probe
New Delhi, Nov. 7 -- The Enforcement Directorate (ED) has found in its probe against Reliance Communications Limited (RCom) that even before the corporate insolvency resolution proceedings against the company were initiated the Anil Ambani led Reliance Group "effected a mechanism to influence the resolution process" by way of acquiring loans so as to become a part of the committee of creditors, agency officials familiar with the investigation said.
The agency has also found that loans were diverted in mutual funds, related parties or infrastructure firms of Anil Ambani.
The financial crimes probe agency has now issued a fresh summon to Anil Ambani asking him to appear before it on November 14 in connection with the case, the officials, who asked not to be named on Thursday. The industrialist was earlier questioned on August 5 in connection with other Reliance Group related cases.
The Reliance Group did not respond to a request for comment on the fresh summons to Anil Ambani and the allegations in the ED attachment order.
ED's probe against RCom and Anil Ambani is based on a Central Bureau of Investigation (CBI) first information report (FIR) filed on August 21. The agency, earlier this week (on November 3), attached 132 acres of land at Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai worth Rs.4,462 crore in a probe into RCom , in addition to 42 other properties worth Rs.3,083 crore including Anil Ambani's Pali Hill residence and Reliance Centre in Delhi attached last week in other cases.
The allegation is that RCom owed over Rs.40,000 crore to various lenders with the State Bank of India alone facing a loss of Rs.2929.05 crore on account of its loans to the company.
According to the ED's attachment order of November 3 under the Prevention of Money Laundering Act (PMLA), reviewed by HT, SBI had sanctioned credit facilities to RCom, Reliance Telecom Ltd (RTL)....
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