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India’s investigator files criminal case against tycoon Anil Ambani

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India’s investigator files criminal case against tycoon Anil Ambani


Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, addresses shareholders during the companys annual general meeting in Mumbai, India, September 18, 2018. — Reuters
Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, addresses shareholders during the company’s annual general meeting in Mumbai, India, September 18, 2018. — Reuters 

MUMBAI: India’s national investigative bureau opened a criminal case against tycoon Anil Ambani after receiving a complaint from the country’s biggest bank alleging fraud, the agency said Saturday.

Anil, the younger sibling of Asia’s richest man Mukesh Ambani, has business interests that range from power to defence.

The State Bank of India (SBI) alleged Anil Ambani and his former telecom firm Reliance Communications “misappropriated” bank funds by entering into transactions that were in violation of the terms of the loans.

SBI claims it was hit with a loss of INR 29.29 billion ($335.4 million) as a result of their actions.

The Central Bureau of Investigation said it had registered a case and that the bank’s complaint would be subjected to “thorough investigation”.

The agency searched premises linked to Reliance Communications and Anil Ambani’s residence on Saturday.

Ambani’s spokesperson said the tycoon “strongly denies all allegations and charges” and “will duly defend himself”.

“The complaint filed by State Bank of India (SBI) pertains to matters dating back more than 10 years. At the relevant time, Mr. Ambani was a Non-Executive Director of the company, with no involvement in the day-to-day management,” the spokesperson said.

“It is pertinent to note that SBI, by its own order, has already withdrawn proceedings against five other Non-Executive Directors. Despite this, Mr. Ambani has been selectively singled out.”

Anil Ambani was last public spotlight seven years ago after Indian politician Rahul Gandhi accused Indian Prime Minister Narendra Modi and him of dodgy dealings related to the purchase of Rafale jets from France – allegations that both denied.

India’s Supreme Court in December 2018 dismissed calls for an investigation into the controversial jet deal, saying it did “not find any substantial material on record to show that this is a case of commercial favouritism to any party by the Indian government”.





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India graveyard raid uncovers hidden cooking gas canisters amid shortage

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India graveyard raid uncovers hidden cooking gas canisters amid shortage


A man pushes a trishaw loaded with cooking gas cylinders in the western Indian city of Ahmedabad April 29, 2010. — Reuters
A man pushes a trishaw loaded with cooking gas cylinders in the western Indian city of Ahmedabad April 29, 2010. — Reuters

Indian police this week seized 414 cooking‑gas canisters hidden in a graveyard in Hyderabad city and arrested those involved in trying to sell them on the black market amid shortages due to the Iran war, a government official said on Thursday.

Authorities have stepped up raids to curb hoarding of liquefied petroleum gas canisters after the US-Israeli war against Iran disrupted shipping, causing supply shortages. India, the world’s No 2 LPG importer, meets about 60% of its demand through overseas purchases, mostly from the Middle East.

“Just yesterday, around 2,600 raids were carried out and about 700 cylinders were seized,” Sujata Sharma, a senior official in the Ministry of Petroleum and Natural Gas, told a regular briefing on the Middle East crisis.

“In addition, around 400 cylinders were recently found at one location inside a graveyard in Hyderabad. Ten people have been detained there, and the distributor involved has been suspended,” she said.

Police said the accused had been selling both commercial and domestic canisters from the graveyard at nearly three times the current market price. A commercial canister that costs about 2,100 Indian rupees ($22) had been sold for as much as 6,000 rupees.

The total value of the seized canisters and some vehicles used by the accused was nearly 2.2 million rupees, police said. Reuters could not immediately contact the accused or their representatives.

“The supply of natural gas to domestic consumers is 100% assured,” Sharma said. “With regard to LPG supply, prices have remained stable despite international volatility, and there has been no increase in the price of domestic LPG cylinders.”

To ease the pressure on LPG supplies, India has been promoting the use of alternatives such as kerosene, coal and biogas, while accelerating the rollout of piped natural gas for households.





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Trump takes a dig at Macron, saying wife treats him ‘badly’

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Trump takes a dig at Macron, saying wife treats him ‘badly’


US President Donald Trump shakes hands with French President Emmanuel Macron at the White House in Washington, DC, US, February 24, 2025. — Reuters
US President Donald Trump shakes hands with French President Emmanuel Macron at the White House in Washington, DC, US, February 24, 2025. — Reuters

WASHINGTON: US President Donald Trump made fun of the French president and his wife during a private lunch Wednesday, as he lambasted Nato allies for not joining the war against Iran that has roiled the Middle East.

“We didn’t need them, but I asked anyway,” Trump told a private lunch in a video posted briefly on the White House YouTube channel before access was blocked.

“I call up France, Macron — whose wife treats him extremely badly. Still recovering from the right to the jaw,” Trump said.

He was referring to a May 2025 news video that appeared to show Brigitte Macron shoving the French president’s face on a trip to Vietnam, which Macron later rejected as part of a disinformation campaign.

“And I said, ‘Emmanuel, we’d love to have some help in the Gulf even though we’re setting records on knocking out bad people and knocking out ballistic missiles. We’d love to have some help. If you could, could you please send ships immediately,'” Trump continued.

He then mimics a French accent to give Macron’s alleged answer: “‘No no no, we cannot do that, Donald. We can do that after the war is won,'” he said.

“I said, ‘No no, I don’t need after the war is won Emmanuel,'” Trump said.

“So I learned about Nato — Nato won’t be there if we ever have the big one, you know what I mean by the big one,” Trump said, without elaborating.

He also branded Nato a “paper tiger,” the latest salvo by Trump and his top officials against the transatlantic alliance since he returned to the White House last year.

On Tuesday, Secretary of State Marco Rubio said the United States “is going to have to reexamine” its relationship with Nato once the war against Iran has concluded.





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Former Iran foreign minister seriously wounded in US-Israeli strike

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Former Iran foreign minister seriously wounded in US-Israeli strike



Former Iranian foreign minister Kamal Kharazi was seriously wounded in a strike that also claimed the life of his wife, Iranian media reported.

Still an adviser to the government, Kharazi had given an interview to CNN a few weeks ago.

According to the newspapers Shargh, Etemad and Ham Mihan, his home in Tehran was targeted on Wednesday in a US-Israeli strike.

He was badly injured and hospitalised following the attack, the outlets said.

Kharazi had served as foreign minister from 1997 to 2005 under reformist ex-president Mohammad Khatami.



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