In Rs 3,000-Crore Anil Ambani Loan Fraud Case, Probe Agency Makes 1st Arrest
Making its first arrest in connection with the Rs 3,000-crore loan fraud case against companies of Anil Ambani's Reliance Group, the Enforcement Directorate has taken the managing director of a company into custody for submitting fake guarantees worth Rs 68.2 crore, sources said on Saturday. These guarantees, they said, were arranged on behalf of Reliance Power.
