The case relates to the alleged diversion and misuse of loan funds amounting to nearly ₹2,000 crore sanctioned by a consortium of banks to entities linked to the Reliance-ADAG group.
CBI has alleged that the funds were routed to shell companies on Jhunjhunwala’s directions, causing wrongful loss to the lending banks.
While he has not yet been named as an accused in the charge sheet, the agency has said its investigation against him is ongoing.
The case relates to the alleged diversion and misuse of loan funds amounting to nearly ₹2,000 crore sanctioned by a consortium of banks to entities linked to the Reliance-ADAG group.
CBI has alleged that the funds were routed to shell companies on Jhunjhunwala’s directions, causing wrongful loss to the lending banks.
While he has not yet been named as an accused in the charge sheet, the agency has said its investigation against him is ongoing.
