CBI arrests former Reliance Communications MD Amitabh Jhunjhunwala in Rs 2,929 crore SBI fraud case

The CBI on Monday arrested a former group managing director of Reliance Communications, Amitabh Jhunjhunwala, in connection with the loss of Rs 2,929.05 crore caused to the State Bank of India by the company in alleged loan fraud, officials said.

Jhunjhunwala, who was already in judicial custody and lodged in Tihar Jail in the national capital in connection with an ongoing investigation by the Enforcement Directorate, was taken to Mumbai by the CBI after production warrants were issued by a special court, they said.