Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
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06/09/20264 min read
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Reliance Comm bank fraud: ED seizes ₹4,462 crore Dhirubhai Ambani Knowledge City land
BankingMoney Laundering (PMLA)
The Enforcement Directorate (ED) seized land worth ₹4,462 crore at Dhirubhai Ambani Knowledge City in connection with a bank fraud case involving Reliance Communications. The attachment was made under the Prevention of Money Laundering Act (PMLA) following investigations into fund diversion and loan default. The article details the complex web of shell companies, fraudulent transactions, and ongoing criminal proceedings. It marks one of the largest recent property seizures under PMLA, highlighting intensified regulatory scrutiny on corporate loan misuse.
