Mumbai, Feb 26 (.) The Central Bureau of Investigation (CBI) has registered an offence against businessman Anil Ambani and his company M/s Reliance Communications based on the complaint made by the Bank of Baroda for conspiracy, cheating and other offences, sources in the central agency said here on Thursday.
This is the second offence under the Prevention of Money Laundering Act (PMLA) and the allegations in the FIR are that Bank of Baroda has suffered a loss of more than Rs 2,220 crores due to the loans availed by M/s Reliance Communications, which were allegedly diverted and mis-utilised by creating fictitious transactions with related parties.
The books of accounts of M/s Reliance Communications Ltd. were manipulated and irregularities concealed. It may be recalled that earlier the Bombay high had stayed the declaration of the accounts as a fraud but the stay was vacated two days back after which the Bank of Baroda lodged this complaint and CBI has taken up the case. . AAA CDS