Mumbai, Aug 23: Days after the Enforcement Directorate (ED) questioned businessman Anil Ambani in a money laundering case, the Central Bureau of Investigation (CBI) on Saturday raided premises linked to Reliance Communications (RCOM) and its Promoter Director.

The raids, conducted at multiple places in Mumbai, were in connection with an alleged fraud that caused a loss of over Rs 2,000 crore to the State Bank of India (SBI), according to sources.

The SBI classified RCOM and 66-year-old Ambani as “fraud” on June 13 in accordance with the Reserve Bank of India’s Master Directions on Fraud Risk Management and the Bank’s Board-approved Policy on Classification, Reporting & Management of Frauds.

In its letter to RCom, SBI said it found deviation in the utilisation of loans, involving a complex web of fund movements across multiple group entities.

“We have taken cognisance of the responses to our show-cause notice and after due examination of the same, it is concluded that sufficient reasons have not been provided by the respondent, to explain the non-adherence to the agreed terms and conditions of the loan documents or the irregularities observed in the conduct of the account of RCL to the satisfaction of the bank,” the bank said.

As per RBI guidelines, after a bank classifies an account as “fraud”, the lender should then report it to the RBI within 21 days of detection and also report the case to the CBI or police.

Earlier this month, Anil Ambani faced a gruelling nine-hour interrogation at the ED headquarters in the national capital regarding an alleged Rs 17,000-crore loan fraud case.

The regulator was set to call Anil Ambani again for questioning in a couple of days, according to sources.

Reliance Group Chairman had reportedly sought 7-10 days from the probe agency to submit documents related to the alleged scam.

According to sources, Anil Ambani sought to deny any involvement in the case, maintaining that all financial decisions were taken by the internal board of his companies, and that he only signed them.

The ED had conducted raids at locations linked to Anil Ambani’s Reliance Group. Investigators seized a large number of documents, hard drives, and other digital records from several sites in Mumbai and Delhi. The raids began as part of a money laundering investigation into the Yes Bank loan fraud case.

Mumbai: A sessions court has acquitted Salman Shaikh, 27, and Mohammad Jahid Shaikh, 32, in the July 2018 murder case of Nasreen Shaikh, 20, at Oval Maidan, citing insufficient evidence. The court criticised the prosecution for failing to provide eyewitnesses or establish a motive, despite the incident occurring in a public space.

Two Arrested in 2018 Oval Maidan Murder Acquitted

Salman, a food delivery worker, and his friend Mohammad were arrested in July and August 2018, respectively, for the murder of Nasreen, with whom Salman was in a relationship. The prosecution alleged that the duo stabbed Nasreen multiple times at Oval Maidan on July 31, 2018, and disposed of her body and phone at the site. However, the court found the evidence lacking, leading to their acquittal.

According to the prosecution, Nasreen, a cafe worker in Colaba, left home at 8am on July 30, 2018, but did not return. Her father, Umar, contacted Salman, who had reportedly met Nasreen that day after picking her up from the café. When Nasreen remained missing, Umar attempted to file a missing person complaint on July 31, first at Mumbra police station, which redirected him to Colaba, and then to Azad Maidan police station. While walking from Colaba to Azad Maidan, Umar spotted a body in Oval Maidan’s garden, identifying it as Nasreen’s by her pink shoes. She had succumbed to multiple stab wounds, and a murder case was registered.

The prosecution claimed Salman stabbed Nasreen during an argument at Oval Maidan, motivated by her discovery of his marital status, financial disputes, and his suspicions about her. They relied on CCTV footage showing the couple together and testimonies from Nasreen’s family to establish motive. However, the court dismissed these claims, noting significant flaws.

Court Flags Delayed Statements, Doubts Motive

The court observed that statements from Nasreen’s mother and sister were recorded 15 and 18 days after the incident, respectively. “Such a delay suggests that the investigator may have summoned them later, possibly to manufacture a motive,” the court remarked. It also questioned the recovery of the alleged murder weapon, a knife, noting it was found in an open place, raising the possibility of planting.

Further, the court highlighted the absence of eyewitnesses despite Oval Maidan being a busy public space. “Perhaps there may have been eye-witnesses to the said offence, but none was found. This itself shows that no incident took place. The lack of any corroboration strongly suggests no incident occurred,” the court stated.

Jammu, Aug 22 :The Enforcement Directorate (ED) and J&K Anti-Corruption Bureau (ACB) on Friday carried out raids at multiple locations in Jammu district in connection with a land allotment fraud.

These raids were carried out at locations in Jammu rural areas and the city, including Canal Road, targeting the residences of a personal assistant (PA) to a former minister, a Patwari, and several property dealers.

Official sources said the raids began early morning, and the fraud was done by the revenue officials and some influential people, including the former Minister’s PA.

The sources said that the ED launched the operations at nine locations, including eight in Jammu and one in Udhampur. The case is about land grabbing and corruption involving the custodian land.

Sources said the action has been initiated against Pranav Dev Singh, Patwari; Rahul Kai, Patwari; Akeel Ahmed, Naib Tehsildar, and several others.

“The case relates to the alleged illegal transfer and grabbing of the Custodian land, which belongs to evacuees from Pakistan-Occupied Kashmir, since 2022 onwards. Searches were carried out at residential and office premises of the accused persons to gather evidence of corruption, illegal property transactions, and possible money laundering,” said the officials.

The ED case is based on an FIR registered by J&K ACB (Central), which had flagged serious irregularities in land dealings involving government officials and private beneficiaries.

“Custodian land in Jammu has remained under scrutiny for years, with several complaints of fraudulent mutations, encroachments, and misuse of authority by officials in nexus with private parties,”, sources added.

More details were awaited.

The latest ED action is seen as part of a wider crackdown on corruption linked to state land in the region.

The ED on Thursday provisionally attached immovable property worth Rs 77.66 crore in connection with a Rs 200 crore bank loan fraud in which the beneficiaries had done blatant diversion of loan money to create assets beyond the purview of the sanctioned loan by utilising funds meant to be otherwise used for the bona fide purpose.