CBI arrests ex-Reliance Communications Group MD Amitabh Jhunjhunwala in Rs 2,929 crore loan fraud case
CBI has arrested Amitabh Jhunjhunwala, former Group MD of Reliance Communications, in a Rs 1,200 crore bank loan fraud case. Jhunjhunwala, previously in ED custody, allegedly handled corporate finance and fund utilization, leading to wrongful losses for banks. The case involves alleged misuse of loans sanctioned by SBI and other banks, causing significant financial detriment.
CBI has arrested Amitabh Jhunjhunwala, former Group MD of Reliance Communications, in a Rs 1,200 crore bank loan fraud case. Jhunjhunwala, previously in ED custody, allegedly handled corporate finance and fund utilization, leading to wrongful losses for banks. The case involves alleged misuse of loans sanctioned by SBI and other banks, causing significant financial detriment.
