The Central Bureau of Investigation (CBI) has arrested Amitabh Jhunjhunwala, a senior executive of the Reliance Communications (RCom) Group. As per ANI, the arrests have been made in connection with an alleged bank loan fraud case involving the diversion and misuse of funds.

According to officials, Jhunjhunwala served as the Group Managing Director of the Reliance Communications Group and was responsible for overseeing key functions, including corporate finance, banking operations, and the utilisation of funds.