Former Reliance ADAG executive Amitabh Jhunjhunwala sent in CBI custody
Amitabh Jhunjhunwala, former Group MD of Reliance Communications, has been remanded in CBI custody until June 5, 2026, in connection with a bank loan fraud case. He was previously in judicial custody related to a money laundering investigation. The CBI alleges that Jhunjhunwala misused loan funds, leading to significant losses for banks.
- ▪Amitabh Jhunjhunwala was arrested on June 1, 2026, and is now in CBI custody until June 5.
- ▪He was previously held in Tihar Central Jail in a related money laundering case.
- ▪The CBI claims that Jhunjhunwala misused loan funds from banks, causing wrongful losses.
- ▪The case was initiated based on a complaint from the State Bank of India against Reliance Communications and Anil Ambani.
- ▪The total exposure in the case involves ₹19,694.33 crore across 17 Public Sector Banks.
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A local court on Wednesday (June 3, 2026) remanded Amitabh Jhunjhunwala, former Group MD of Anil Ambani-led Reliance Communications, in the custody of the CBI till June 5 in an alleged bank loan fraud case.Mr. Jhunjhunwala was produced before special CBI court judge J.P. Darekar. He had been arrested on Monday (June 1, 2026) and placed in judicial custody.The CBI, represented by special public prosecutors A. Limosin and Jitendra Sharma, sought his custody for detailed investigation.Mr.
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