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A Mumbai tribunal connected Monday (June 1, 2026) allowed the Central Bureau of Investigation (CBI) to apprehension Amitabh Jhunjhunwala, a erstwhile elder enforcement astatine industrialist Anil Ambani-led Reliance Group, successful a lawsuit related to alleged slope loans misuse.
Mr. Jhunjhunwala was produced earlier peculiar CBI justice J.P. Darekar connected a accumulation warrant from New Delhi's Tihar Central Jail, wherever helium was nether judicial custody successful a related wealth laundering lawsuit being probed by the Enforcement Directorate (ED).
Following his production, the CBI, represented by Special Public Prosecutor (SPP) A Limosin, filed an exertion seeking remand and support to formally apprehension the accused.
Advocates Reeti Upadhyay and Mudit Jain, appearing for Jhunjhunwala, contended that arsenic per the accumulation warrant issued by a Delhi court, the erstwhile enforcement of the Anil Dhirubhai Ambani Group (Reliance ADAG) was required to beryllium produced earlier the tribunal connected June 5.
His quality earlier the tribunal anterior to that day is illegal, the defence argued.
After proceeding arguments from some sides, the Mumbai tribunal allowed the CBI's exertion to formally apprehension the accused arsenic per provisions of law.
However, arsenic the proceeding continued beyond the moving hours, the CBI told the tribunal that they volition nutrient the accused earlier it connected Tuesday aft completing apprehension formalities.
In the meanwhile, considering the "peculiar situation" regarding the precocious hr and the accused's question region from Delhi, the tribunal remanded Jhunjhunwala to judicial custody.
Mr. Jhunjhunwala, radical Managing Director of the Reliance Communications group, was looking aft important functions similar firm finance, banking, utilization of funds, among others.
The CBI has claimed that based connected his directions, indebtedness funds received from banks were managed/utilized by different officials of the RCom group. Due to misutilization of indebtedness funds, the banks suffered wrongful losses, said the probe agency.
The CBI connected Friday filed a chargesheet successful the lawsuit against 16 individuals/entities. Jhunjhunwala has not been named successful the chargesheet filed successful the peculiar court, but the probe against him was ongoing.
The accused named successful the chargesheet included Reliance Communications, 5 elder executives of the institution and 10 slope officials.
They were charged with transgression conspiracy, cheating and transgression misappropriation nether the IPC, and transgression misconduct nether the Prevention of Corruption Act, the CBI said successful a property release.
The chargesheet pertained to alleged misuse of a ₹1,200 crore word indebtedness sanctioned by the SBI, ₹500 crore missive of recognition facilities sanctioned by Bank of Maharashtra and ₹350 crore missive of recognition facilities sanctioned by Syndicate Bank, it said.
Further probe has been kept unfastened to probe different loans sanctioned by the consortium of banks and to ascertain the relation of different conspirators progressive successful the alleged diversion and misappropriation of nationalist funds, the CBI said.
The cardinal bureau registered the lawsuit connected SBI's ailment against Reliance Communications and Anil Ambani for allegedly causing a nonaccomplishment of ₹2,929.05 crore to the bank.
"Rupee Term Loans" were sanctioned to Reliance Communications by a consortium of 11 banks led by the SBI. As per the FIR, the full vulnerability amounted to ₹19,694.33 crore and progressive 17 state-run banks.
