https://www.taxtmi.com/news?id=73111 CBI investigation into alleged misuse and diversion of bank loan funds in relation to Reliance Communications proceeded against a former senior executive, with the court permitting formal arrest in connection with the bank fraud case and remanding him to judicial custody in the meantime. The proceeding arose from allegations that loan funds and credit facilities sanctioned by a consortium of banks were managed and utilised in a manner that caused wrongful loss to the lending banks, while investigation against the accused remained ongoing. en-us Mon, 01 Jun 2026 21:01:03 +0530 Mon, 01 Jun 2026 21:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73111 CBI investigation into alleged misuse and diversion of bank loan funds in relation to Reliance Communications proceeded against a former senior executive, with the court permitting formal arrest in connection with the bank fraud case and remanding him to judicial custody in the meantime. The proceeding arose from allegations that loan funds and credit facilities sanctioned by a consortium of banks were managed and utilised in a manner that caused wrongful loss to the lending banks, while investigation against the accused remained ongoing. News - Mon, 01 Jun 2026 21:01:03 +0530 https://www.taxtmi.com/news?id=73111