New Transit Warrant Issued for Amitabh Jhunjhunwala in ₹2,929-Crore RCom Fraud Case
Court issues fresh transit warrant for Jhunjhunwala in ₹2,929-crore RCom case
Hindustan Times
Image: Hindustan Times
A special Central Bureau of Investigation (CBI) court in Mumbai has issued a fresh transit warrant for Amitabh Jhunjhunwala in connection with a ₹2,929-crore bank fraud case involving Reliance Communications and its promoter Anil Ambani. The warrant follows logistical issues that prevented the execution of an earlier warrant, as Jhunjhunwala is currently in custody for a separate money laundering case.
- 01A fresh transit warrant for Amitabh Jhunjhunwala was issued in a ₹2,929-crore fraud case.
- 02The case involves allegations against Reliance Communications and Anil Ambani.
- 03Logistical issues prevented the execution of a previous warrant.
- 04Jhunjhunwala is in custody for a separate money laundering case.
- 05The CBI's investigation follows complaints from multiple public sector banks.
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A special Central Bureau of Investigation (CBI) court in Mumbai has issued a fresh prisoner transit warrant for Amitabh Jhunjhunwala in connection with a ₹2,929-crore bank fraud case linked to Reliance Communications (RCom) and its promoter Anil Ambani. This decision comes after the previous warrant could not be executed due to logistical constraints and Jhunjhunwala's custody in a parallel money laundering case in Delhi. The case originated from a complaint by the State Bank of India (SBI), alleging a wrongful loss of ₹2,929 crore due to the diversion and misuse of loan funds by RCom and its officials. The CBI registered a first information report (FIR) in August 2025 against RCom, Ambani, and others for alleged criminal conspiracy, cheating, and other offenses. Despite the defense arguing against the warrant's execution due to the elapsed time and Jhunjhunwala's health, the court directed that he be produced before it on May 19. This case is part of a broader investigation into the Reliance group based on multiple complaints from public sector banks regarding fund diversion.
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This case could influence public confidence in financial institutions and the accountability of corporate executives in India.
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