New Delhi, Aug 23 (UNI) As the Central Bureau of Investigation (CBI) conducted searches at two locations in Mumbai linked to Anil Ambani in connection with a bank loan fraud case of Rs 2929.05 crore, he reached out to UNI through his team and denied all the allegations levelled against him.
“Anil Ambani strongly denies all allegations and charges, and will duly defend himself,” he passed the message to UNI through his team.
The search at Anil D. Ambani’s residence in Mumbai concluded early this afternoon.
The complaint filed by State Bank of India (SBI) pertains to matters dating back more than 10 years. At the relevant time, Mr. Ambani was a Non-Executive Director of the company, with no involvement in the day-to-day management.
Anil Ambani’s office said that “It is pertinent to note that SBI, by its own order, has already withdrawn proceedings against five other Non-Executive Directors. Despite this, Ambani has been selectively singled out.”
“At present, Reliance Communications is being managed under the supervision of a Committee of Creditors, led by SBI and overseen by a Resolution Professional. The matter remains sub judice, pending before the NCLT and other judicial forums, including the Hon’ble Supreme Court, for the past six years. Ambani has duly challenged SBI’s declaration before the competent judicial forum,” his team said.
According to information, the Central Bureau of Investigation (CBI) lodged the FIR on Thursday (August 21) based on a complaint received from State Bank of India, Mumbai against M/s Reliance Communication Ltd. (RCOM), Mumbai, its Director Anil D. Ambani, Unknown public servants and unknown others, on the allegations of defrauding the bank, and thereby causing wrongful loss of Rs 2929.05 Crores to the Bank.
Anil Ambani and others allegedly hatched a criminal conspiracy, misrepresented and got sanctioned credit facilities from SBI in favour of M/s Reliance communication Ltd. Later the loans were allegedly diverted and misutilised.
“There were allegations pertaining to potential routing of loan funds and inter-company loan transactions, misutilization of sales invoice financing, discounting of bills of RCOM by M/s Reliance Infratel Ltd, movement of funds through inter corporate deposits, write off of capital advances given to M/s Netizen Engineering Pvt. Ltd.- a group company of Reliance ADA Group, and creation/write off of fictitious debtors, etc. By the aforementioned acts the accused persons are alleged of committing offences of criminal conspiracy, cheating, criminal breach of trust,” said a CBI official.
The CBI on August 22, moved an application before a Special CBI Court in Mumbai and obtained a search warrant against Anil Ambani and others.
