Monday, September 14
Industrialist Anil Ambani on Tuesday appeared before the Enforcement Directorate (ED) in Delhi in connection with a ₹17,000 crore alleged bank loan fraud involving multiple Reliance Group companies.Ambani was summoned last week as part of the ED's investigation into alleged money laundering probe while the companies in question are Reliance Home Finance Ltd (RHFL), Reliance Commercial Finance Ltd (RCFL), and Reliance Communications (RCom).The probe, launched under the Prevention of Money Laundering Act (PMLA), involves loans taken from nearly 20 public and private sector banks. According to data available with the ED, RHFL owes over ₹5,901 crore, RCFL more than ₹8,226 crore, and RCom close to ₹4,105 crore.Also Read: Anil Ambani faces LoC in ED’s Rs 17,000-crore loan fraud probeTh
The Indian Army on Tuesday hit back at the United States by resurfacing a 1971 newspaper clipping detailing how Washington had supplied over $2 billion worth of arms to Pakistan over two decades, a move seen as a subtle response to America’s renewed push for oil cooperation with Islamabad. The archival post, shared by the Eastern Command under its “This Day That Year” series, highlighted that between 1954 and 1971, the U.S. had provided Pakistan with fighter aircraft, missiles, tanks, submarines, and artillery. The clipping showed then Defence Production Minister V C Shukla informing Parliament that the U.S. had armed Pakistan “at throw-away prices,” even after the 1971 crackdown in East Pakistan. The post came hours after U.S. officials expressed interest in developing Pakistan
