ZisNews - Breaking News & Updates

THe Enforcement board of directors (ED) has summoned industrialist indigo Ambani and his married woman, Tina Ambani, for inquiring on feb 17 and 18 in connection with a money laundering probe against Reliance Group, people familiar with the matter said. This comes after Tina Ambani skipped the summons for questioning on Monday.The federal agency has formed a special investigation team (SIT) to investigate cases against Anil Ambani-led group companies as per the Supreme Court’s direction last Wednesday. Anil Ambani was questioned in the case last year.HT has reached out to the Reliance Group for a comment.The Supreme Court on Wednesday asked the central agencies and government to ensure Anil Ambani does not leave the country. It directed the agencies to act “fairly, swiftly and without any fear or favour” given the magnitude of the alleged siphoning of public funds.The ED’s affidavit in the court said that its investigation had so far revealed large-scale defaults by multiple Reliance Group entities. The agency said Reliance Home Finance Ltd defaulted on loans worth ₹7,523.46 crore taken from 33 banks and financial institutions, of which lenders could recover only ₹2,116.28 crore after resolution, leaving net defaults of ₹5,407.18 crore, constituting alleged proceeds of crime under the Prevention of Money Laundering Act (PMLA).Reliance Commercial Finance Ltd defaulted on loans of ₹8,226.05 crore taken from 21 lenders, with recoveries of only ₹1,945.48 crore, resulting in alleged proceeds of crime amounting to ₹6,280.57 crore.In the Reliance Communications Limited case registered following the State Bank of India complaint, the ED said it and its group companies, Reliance Telecom Ltd and Reliance Infratel Ltd, had taken loans from 13 foreign banks and institutional investors and 26 Indian banks and financial institutions, with outstanding dues totalling ₹40,185.55 crore, which also form the quantum of alleged proceeds of crime.The ED informed the court that it has registered three cases under PMLA so far.

Global News Perspectives

In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.

Customizable News Feed

At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.

Like or Comment on News

Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.

Download the Android App

For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.

Diverse News Categories

With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.

ED summons Tina Ambani, Anil Ambani for questioning on February 17 and 18

Global News Perspectives

Customizable News Feed

Like or Comment on News

Download the Android App

Diverse News Categories

Category News

Country News