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India's federal agency opens second criminal case against Anil Ambani, Reliance Communications

Feb 26 (Reuters) - India's federal investigating agency said on Thursday it has opened a second criminal case against industrialist Anil Ambani and his company Reliance Communications following a

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Reliance Communications faces probe from India's serious fraud office

(Reuters) -Reliance Communications is facing a probe from India's Serious Fraud Investigation Office, it said on Thursday, in a move that will pile more pressure on the insolvent company, which is

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Indian financial crimes agency freezes Anil Ambani Group properties worth $853 million

By Nikunj Ohri NEW DELHI (Reuters) -India's financial crime agency has frozen 75 billion rupees ($853 million) worth of properties linked to companies of the Reliance Anil Ambani Group as part of a

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India's Reliance Infra, Reliance Power say no impact from criminal case against Anil Ambani

MUMBAI (Reuters) -A criminal investigation into Indian industrialist Anil Ambani and his company Reliance Communications has no impact on Reliance Power and Reliance Infrastructure, the two companies said in separate releases on Sunday. On Saturday, India's Central Bureau of Investigation (CBI) conducted search operations in Mumbai at Ambani's house and the offices of the now-insolvent Reliance Communications following complaints by the country's largest bank, State Bank of India, about allege

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India's federal investigator opens criminal case against Anil Ambani, his company

MUMBAI (Reuters) -India's federal investigating agency said on Saturday it had opened a criminal case against industrialist Anil Ambani and his company Reliance Communications Ltd following a complaint by India's largest bank about alleged fraud. State Bank of India alleged that Anil Ambani, the younger brother of billionaire Mukesh Ambani, and Reliance Communications defrauded the bank, causing 30 billion Indian rupees ($344 million) of losses. India's Central Bureau of Investigation conducte

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Reliance Communications loan account flagged by SBI for suspected fraud

MUMBAI (Reuters) -State Bank of India (SBI) is classifying the loan account of insolvent Reliance Communications as fraudulent, citing alleged diversion of funds in a case dating back to 2016. The disclosure was made by Reliance Communications in a securities filing that attached a June 23 letter from SBI detailing the reasons behind the decision by India's biggest lender. Under Indian banking laws, once an account is reported as fraudulent, the matter is referred to enforcement agencies for c

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