fund misappropriation
CBI Files Fraud Case Against Anil Ambani's Son: Rs 228 Crore Bank Fund Misappropriation Investigation
Dec 09, 2025 05:09 pm CST
The CBI has launched an investigation against Jai Anmol Ambani and Reliance Home Finance Ltd for allegedly defrauding Union Bank of India of Rs 228 crore. The case involves accusations of fund diversion, account manipulation, and breach of trust after the company failed to meet financial obligations, resulting in the account being classified as a non-performing asset in 2019.
India Red-Flags $800 Million Asian Development Bank Aid Package To Pakistan
Jun 05, 2025 02:41 am CST
India has expressed deep concerns over the potential misuse of the $800 million ADB aid package to Pakistan as the country is increasing its defence expenditure, despite the poor fiscal position.