Mumbai, Feb. 26 -- The Central Bureau of Investigation (CBI) has registered an offence against businessman Anil Ambani and his company M/s Reliance Communications based on the complaint made by the Bank of Baroda for conspiracy, cheating and other offences, sources in the central agency said here on Thursday.
This is the second offence under the Prevention of Money Laundering Act (PMLA) and the allegations in the FIR are that Bank of Baroda has suffered a loss of more than Rs 2,220 crores due to the loans availed by M/s Reliance Communications, which were allegedly diverted and mis-utilised by creating fictitious transactions with related parties.
Published by HT Digital Content Services with permission from United News of India....