bank fraud

21 Mar

CBI Examines Former Reliance ADA Group Executives in Rs 2,929 Crore Bank Fraud Case

Gurpreet Singh0 CommentsIndiaAnil Ambani, bank fraud, CBI probe, Gautam Doshi, RCOM, Reliance ADA Group, SBI complaint

New Delhi (Gurpreet Singh): The Central Bureau of Investigation (CBI) intensified its probe into the Reliance ADA Group on Saturday, March 21, 2026, by examining two former group managing directors, Gautam Doshi and Sateesh Seth. The questioning, which took place at the agency's headquarters in New Delhi, is part of an ongoing investigation into an alleged bank fraud amounting to ₹2,929.05 crore involving Reliance Communications Ltd (RCom) and its promoter, Anil Ambani. This follows the examination of another former managing director, Amitabh Jhunjhunwala, earlier this week on March 18. The case originates from a formal complaint filed by the State…

31 Dec

ED Attaches ₹150 Crore London Property Linked to S Kumars Bank Fraud Case

Rajeev Sharma0 CommentsIndiabank fraud, Enforcement Directorate, money laundering, Nitin Kasliwal, S Kumars Nationwide

New Delhi, December 31, 2025: The Enforcement Directorate has provisionally attached an immovable property valued at ₹150 crore near Buckingham Palace in London as part of its probe into an alleged bank loan fraud and money laundering case involving textile major S Kumars Nationwide Ltd and its former chairman and managing director, Nitin Kasliwal. In a statement issued on Wednesday, the federal agency said the attachment was carried out under the Prevention of Money Laundering Act (PMLA). The property, described as high-value real estate, is held under the beneficial ownership of Kasliwal and his family members. According to the ED,…