Adag Rcom

ED arrests ex-ADAG executive Amitabh Jhunjhunwala in loan fraud case

The Enforcement Directorate on Wednesday arrested Amitabh Jhunjhunwala, a former senior executive of Anil Dhirubhai Ambani Group (ADAG), in an alleged bank loan fraud-linked money laundering case, officials said. Jhunjhunwala was taken into custody under the Prevention of Money Laundering Act (PMLA) after questioning. The agency has produced him before a court seeking his custody for detailed interrogation, they said. The probe pertains to an alleged bank loan fraud perpetrated through Anil Ambani group companies like Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Ltd (RHFL) using shell or dummy companies. Jhunjhunwala had been a director of Reliance Capital Ltd, the holding company of RHFL and RCFL, from March 2003-September 2019.

SC asks CBI, ED to conduct 'fair, prompt' probes against Anil Ambani, ADAG

Last month, the Supreme Court asked the CBI and ED to file status reports on their investigations into alleged large-scale banking and corporate fraud

Tide Water, Easy Trip, Prozone Intu, RCom zoom over 100% in a month

Tide Water Oil was locked in the upper circuit for the second straight day, up 5 per cent at Rs 12,030.80 after the company announced a 1:1 bonus, Rs 200 dividend, and a stock split from Rs 5 to Rs 2

Delhi HC asks SBI to maintain status quo on accounts of Anil Ambani's firms

Justice Prateek Jalan passed the order on a plea by erstwhile directors of the three companies challenging a 2016 circular of the RBI regarding declaration of accounts as fraud by banks

$717-mn loan case: China banks will have to move Indian courts against ADAG

Anil Ambani, chairman of the ADA group, can challenge the order by the Commercial Division of the High Court of England

YES Bank fiasco: ED asks Anil Ambani to appear again on March 30

Ambani had been called by the ED in connection with an ongoing money laundering case against YES Bank co-founder Rana Kapoor

Voda Idea, Bharti Airtel, MTNL: Are telecom stocks entering a bear phase?

MTNL saw a continuous 'gap-up' close in last 16 sessions, while Bharti Airtel has been rising with 'Higher High, Higher Low' formation.

RCom surges 11% after NCLAT fixes hearing against NCLT order for Tuesday

Reliance Naval, Reliance Power, Reliance Capital, Reliance Infra and Reliance Nippon Life were other stocks from the ADAG, up in the range of 3% to 10% on the BSE.