Overview
- A special CBI court in Mumbai remanded Amitabh Jhunjhunwala to the agency’s custody until June 5 after the CBI sought time for detailed interrogation of the former RCom group managing director.
- Jhunjhunwala was produced from Tihar Jail to Mumbai on a production warrant, formally arrested by the CBI after transit formalities and presented before Special Judge J. P. Darekar.
- The CBI says Jhunjhunwala ran corporate finance and bank dealings at Reliance Communications and can give leads on how loan proceeds were used, while his defence noted a chargesheet had already been filed that did not name him.
- The case began on an SBI complaint that alleged a ₹2,929.05 crore loss to the bank and investigators say total exposure across lenders is about ₹19,694.33 crore from loans sanctioned by a consortium of public sector banks.
- Investigations by the CBI and a parallel Enforcement Directorate money‑laundering probe remain open, and authorities say custodial questioning could identify beneficiaries, tie funds to letters of credit or widen the list of accused.