CBI probe Archives - National Times

05 Sep

CBI Books Essel Group Founder Subhash Chandra in Rs 1,322-Crore LIC Housing Finance Loan Fraud

Gurpreet Singh0 CommentsIndiaCBI probe, Essel Group, LIC Housing Finance, loan fraud, personal guarantee, Subhash Chandra

New Delhi (Gurpreet Singh)— The Central Bureau of Investigation has registered a criminal case against Essel Group founder Subhash Chandra and multiple related commercial entities over an alleged loan fraud of approximately 1,322 crore rupees involving LIC Housing Finance Limited. The first information report, lodged by the agency on August 31 following a formal complaint by the public sector lender, invokes provisions of criminal conspiracy, cheating, criminal breach of trust, and public misconduct under the Indian Penal Code and the Prevention of Corruption Act. The investigative complaint centres on two major credit facilities extended in 2018 totaling 980 crore rupees,…

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…

Supreme Court Issues Notices to States, UTs Over Rising ‘Digital Arrest’ Scams

Rajeev Sharma0 CommentsIndiaCBI probe, Cybercrime, digital arrest scam, forged judicial orders, Supreme Court

New Delhi, October 27, 2025: The Supreme Court on Monday issued notices to all states and Union Territories over the alarming rise in digital arrest scams, directing them to submit detailed reports on all pending investigations related to such cases.A bench comprising Justices Surya Kant and Joymalya Bagchi asked states to provide comprehensive data on ongoing cyber fraud cases and scheduled the next hearing for November 3. The court also discussed the possibility of transferring the probe to the Central Bureau of Investigation (CBI) to ensure a uniform and coordinated national investigation.Appearing for the Centre, Solicitor General Tushar Mehta informed…