Core Points - The Enforcement Directorate of India has seized assets worth over 75 billion rupees (approximately 846 million USD) belonging to Anil Ambani and his associated companies as part of an investigation into allegations of bank fraud and money laundering [1] - The investigation is linked to a criminal complaint filed by the Central Bureau of Investigation in August, which claims that Reliance Communications, one of India's largest telecom operators, misappropriated bank funds, resulting in a loss of 29.29 billion rupees (3.3 million USD) [1] - The Enforcement Directorate's statement indicated that fraudulent transfers of public assets were identified within several companies under the Reliance Group, and efforts will be made to return the illicit funds to legitimate claimants [1] Company Response - Reliance Infrastructure Limited, controlled by Anil Ambani, stated that he has not been part of the board for over three and a half years, asserting that the case will not impact the company's operations, shareholders, employees, or any other stakeholders [2]

Core Points - The Enforcement Directorate of India has seized assets worth over 75 billion rupees (approximately 846 million USD) belonging to Anil Ambani and his associated companies as part of an investigation into allegations of bank fraud and money laundering [1] - Anil Ambani, born in 1959 in Mumbai, is the chairman of Reliance Group, one of India's largest private enterprises, which was founded by his father, Dhirubhai Ambani [1] - The seized assets include office spaces, residences, and over 53 hectares of land, with the Enforcement Directorate stating that multiple companies under Reliance Group have engaged in fraudulent transfers of public assets [1] Company Overview - Reliance Group was split in 2005 between Anil Ambani and his brother Mukesh Ambani, with Anil receiving sectors such as energy, telecommunications, and finance, while Mukesh took control of petrochemicals and currently serves as the chairman of Reliance Industries [1] - The Enforcement Directorate aims to recover the illicit funds for legitimate claimants [1]

Core Points - A London court ruling has resulted in a loss for Ukrainian tycoon Igor Kolomoisky and Gennady Bogolyubov, involving a fraud case that caused state-owned Privatbank PJSC to lose billions of dollars [1] - Privatbank accused the former owners of transferring $1.9 billion through "false" loans and trade documents to companies secretly owned in the UK and the British Virgin Islands between 2013 and 2014 [1] - The ruling is significant for Ukraine as it attempts to address historical ties with powerful oligarchs, amidst ongoing anti-corruption protests following attempts by the parliament and President Volodymyr Zelenskiy to limit the powers of anti-corruption agencies [1] Company Summary - Privatbank was nationalized in 2016 after being forced to accept a bailout due to the financial losses incurred from the fraudulent activities [1] - The influence of Kolomoisky and Bogolyubov in Ukraine has significantly diminished under ongoing legal pressure, with Kolomoisky currently detained and facing multiple charges, including fraud and contract murder [1] - Bogolyubov fled Ukraine last year to avoid anticipated criminal charges [1]