Tag: anil ambani

ED attaches assets worth ₹3,034.90 crore in RCom case

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ED attaches assets worth ₹3,034.90 crore in RCom case

RCom and its group companies took loans from domestic and foreign lenders of which a total amount of ₹40,185 crore is allegedly outstanding. File | Photo Credit: PTI The Enforcement Directorate has attached assets worth about ₹3,034.90 crore in the Reliance Communications Limited (RCom) “bank fraud” case. The value of total attachment in the Reliance Anil Ambani Group cases is now…

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Reliance Power board takes step for stronger governance

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Reliance Power board takes step for stronger governance

Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group. | Photo Credit: PRASHANT WAYDANDE The board of Reliance Power Ltd of the Anil Ambani-led Reliance Group has approved the constitution of the Board of Management (BOM) comprising of the CEO, Key Managerial Personnel, and senior business leaders of the company for stronger governance, sharper…

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Anil Ambani offers to ‘virtually appear’ before ED in FEMA case

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Anil Ambani offers to ‘virtually appear’ before ED in FEMA case

Industrialist Anil Ambani. | Photo Credit: PTI Reliance Group chairman Anil Ambani has offered to appear before the Enforcement Directorate through “virtual means” following summons issued to him under the FEMA for Friday (November 14, 2025). A statement issued by a spokesperson of the 66-year-old businessman said he has written to the federal probe agency…

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Bombay HC dismisses Anil Ambani’s plea against SBI classification of his account as fraud

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Bombay HC dismisses Anil Ambani’s plea against SBI classification of his account as fraud

  The CBI said it had registered a complaint after the State Bank of India claimed a loss of ₹2,929.05 crore resulting from alleged misappropriation by Reliance Communications and Anil Ambani. File. | Photo Credit: PTI The Bombay High Court on Friday (October 3, 2025) dismissed a petition filed by industrialist Anil Ambani challenging the State Bank…

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SEBI bans Anil Ambani, 24 other entities from securities market for five years

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SEBI bans Anil Ambani, 24 other entities from securities market for five years

SEBI has barred industrialist Anil Ambani from the securities market for five years for diversion of funds from the company. | Photo Credit: Reuters Market regulator SEBI has barred industrialist Anil Ambani, 24 other entities, including former key officials of Reliance Home Finance from the securities market for five years for diversion of funds from…

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Anil Ambani suffers another setback as SC sets aside arbitral award of ₹8,000 crore in favour of Reliance firm

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Anil Ambani suffers another setback as SC sets aside arbitral award of ₹8,000 crore in favour of Reliance firm

He was ranked the sixth richest person in the world in 2008 but a series of setbacks — the latest being the Supreme Court setting aside a ₹8,000 crore arbitral award that was granted in favour of a firm in his group — reversed his fortunes. An MBA from Wharton School, Anil Ambani, 64, the…

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