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Time of India
24-07-2025
- Business
- Time of India
ED searches 35 premises linked to Anil Ambani
NEW DELHI: Early on Thursday, the ED swooped in on more than 35 premises identified with industrialist Anil Ambani and at least 50 entities associated with his Reliance Anil Dhirubhai Ambani Group (ADAG) across Mumbai in a larger money laundering investigation targeted at him based on multiple FIRs registered by CBI and other agencies over the last few years. The searches have huge financial implications for public money, Rs 20-30,000 crore, which the agency believes has been siphoned off. Ambani investigation throws up mysterious entity: 'C Company' The searches at premises identified with industrialist Anil Ambani have huge financial implications for public money, Rs 20-30,000 crore, which the agency believes has been siphoned off, including outside the country, through "undisclosed foreign bank accounts and foreign assets" created over the years. A large chunk of the money came to Reliance ADAG from SBI and other public sector banks, besides Yes Bank, then a private entity, and mutual funds. Preliminary investigation has thrown up a mysterious entity: 'C Company'. The entity, whose existence was not known so far, is allegedly found to have been involved in related party transactions in this whole scam, sources said. Sources said ED was probing an alleged loan fraud ofRs 14,000 crore involving Reliance Communications Ltd and other associated entities. In response to a question in Lok Sabha on Monday, minister of state for finance Pankaj Chaudhary said SBI has "classified Reliance Communications Ltd along with promoter director Anil Ambani as 'fraud' on June 13". This has also been communicated to Bombay Stock Exchange. "Based on information received from Sebi, ED has found Reliance Infra has diverted large sums of money disguised as ICDs to group companies of ADAG (Anil Ambani group) through 'C Company', an undisclosed related company," a source told TOI. Reliance Infra did not disclose 'C Company' as its related party in order to avoid having to take proper approval from shareholder and audit committees, the source added. It was also hidden presumably to circumvent checks and balances imposed on related party transactions as per laws. Besides, there is an investigation in the alleged diversion of loans of over Rs 10,000 crore by Reliance Infra. ED's probe is looking at why Reliance Infra took a haircut of Rs 5,480 crore, receiving only Rs 4 crore in cash, while agreeing to settle the remaining Rs 6,499 crore through transfer to certain discoms, which have neither been operational nor done business for many years. The agency is already probing Ambani and his entities in a case of Rs 3,000 crore received from Yes Bank where he is alleged to have bribed the former CEO of the bank, Rana Kapoor, through his wife's company for Rs 225 crore. In another case of alleged misappropriation of bank funds, the agency is probing Reliance Communications for a loan default ofRs 1,050 crore to Canara Bank. Sources said more than 25 individuals, including Ambani and his close associates, are targets of the search operations which started on Thursday morning in a probe initiated under the Prevention of Money Laundering Act. ED is being assisted by multiple agencies, including National Housing Bank, Sebi, National Financial Reporting Authority and Bank of Baroda among others. The alleged loan diversion of around Rs 3,000 crore from Yes Bank pertains to the period between 2017 and 2019. ED is investigating alleged quid pro quo in sanction of loan as a Reliance Anil Ambani entity had transferredRs 225 crore into the accounts of RAB Enterprises, in which Rana Kapoor's wife Bindu Kapoor had 100% stake. These are all part of an FIR registered by CBI and now being investigated by ED. The FIR also alleged that credit approval memorandums were back dated, and the proposed investments lacked due diligence, not meeting the bank's credit policy. Sources said preliminary investigation found that these loans were diverted to many group entities and shell companies, in many cases there was no proper documentation to loans issued. In several cases, borrowers were found to have common addresses and directors.
RTÉ News
28-05-2025
- RTÉ News
Investigation into loyalist murder of Peter Gallagher 'wholly inadequate'
A police investigation into the murder of a man by loyalists in Belfast in 1993 was "wholly inadequate", the Police Ombudsman for Northern Ireland has found. Peter Gallagher, a 44-year-old father of seven from Toomebridge in Co Antrim, was shot dead at an industrial park in west Belfast in March of that year. His family complained to the Police Ombudsman's Office about the thoroughness of the original murder investigation. Today, the ombudsman found that although 12 people should have been of interest to investigating detectives, none had been arrested. Marie Anderson said this was despite the fact that some were linked "by significant, and on occasion corroborative intelligence and other information". Mr Gallagher was shot dead by elements of the west Belfast Ulster Defence Association (UDA) based around the Shankill Road known as 'C Company'. Ms Anderson also criticised a decision to stand down surveillance on members of the gang even though at the time it had proven disruptive and the authorities knew attacks were being planned. The intelligence focus had been switched to the activities of the IRA. Within two days of surveillance being suspended, the UDA had murdered Mr Gallagher and 17-year-old Damien Walsh also in west Belfast. Ms Anderson said the decision to switch the surveillance focus ought to have been re-examined in light of the intelligence picture about the heightened risk of UDA attacks. "I am of the view that the failure to do so provided `C Company' greater opportunity to mount terrorist attacks on the nationalist community, culminating in the murders of Peter Gallagher and Damien Walsh," she said. However, the police ombudsman said she had found no intelligence, which if acted upon by police, would have prevented Mr Gallagher's murder. Neither was there any evidence that members of the security forces had provided information to loyalists to facilitate the attack. No one has ever been convicted for either murder. The ombudsman's report said the police investigation had zoned in on three principal suspects in respect of Mr Gallagher's murder. Ballistic tests revealed that a 9mm Browning pistol used to murder him had been amongst a batch smuggled into Northern Ireland from South Africa in December 1987. The police ombudsman said the investigations into the Gallagher and Walsh murders ought to have been linked and that the failure to do so had resulted in a "fragmented investigative approach" which had undermined both murder inquiries.
Belfast Telegraph
28-05-2025
- Belfast Telegraph
Family of loyalist murder victim failed by ‘wholly inadequate' RUC probe, report finds
Peter Gallagher (44), from Toomebridge in Co Londonderry, was shot and fatally wounded while arriving for work at the Westlink Enterprise Centre in west Belfast in 1993. The Police Ombudsman investigated the case after a complaint from Mr Gallagher's family. Marie Anderson's report found that although 12 people should have been of interest to the murder investigation, none were arrested. This was despite some being linked by significant intelligence and other information. She also criticised the police decision to cease surveillance of members of the UDA/UFF two days before the murder, given that they had received multiple intelligence and other reports indicating the group were actively planning attacks. Within three days of surveillance being paused on March 22 1993 - when police resources were reallocated in response to intelligence about IRA activity - the Shankill-based 'C Company' unit of the UDA/UFF had murdered Mr Gallagher and, in a separate attack the following day, 17-year-old Damien Walsh. By the time surveillance of 'C Company' members resumed on March 30 1993, they had also attempted to murder two other people. 'I found no evidence that during this time police had reconsidered their decision to cease surveillance of 'C Company' members, despite the murders of Mr Gallagher and Damien Walsh, and mounting intelligence about other planned attacks,' Mrs Anderson said. News Catch Up - Tuesday 28th May However, the Police Ombudsman added that her enquiries had found no intelligence that, if acted upon by police, could have prevented Mr Gallagher's murder. Neither was there any evidence that security forces provided information to paramilitaries to facilitate the attack.
NZ Herald
16-05-2025
- General
- NZ Herald
Battle of Crete memorial at Mount RSA this Sunday
The battle lasted 12 days and involved New Zealand, Australian, British and Greek troops, assisted by Cretan civilians, trying to repel an airborne assault by the Germans. Of the 7700 New Zealand soldiers stationed on Crete, more than 2000 were captured, and 671 died. Among the survivors was Adams' late father, Lieutenant Sergeant Bertram 'Snowy' Smith, who fought in the battle with the 20th Battalion, C Company. Adams said Smith was away at World War II for four-and a-half years and returned home from the war to go farming in Whakamaru before he retired and spent 30 years in Tauranga before his death in 2000. Adams said her father was reluctant to speak about his experience in the Battle of Crete to family and was only prompted on the subject once. 'They fired their rifles at the descending Para troops until their rifles overheated, waited until they cooled, then recommenced firing,' Adams said, retelling her late father's story. However, Smith did speak to family passionately of the camaraderie during the war. '[When] he was one of the walking wounded, he was tasked with finding his own way across Crete to Sfakia for evacuation, which included the 2000m high White Mountains and 100km trek.' She said that along the way, the Cretans offered her dad shelter in hen houses. Upon his arrival at Sfakia, he could see the hospital ships waiting offshore. Despite his injuries, he was able to swim out to the ship on May 29, 1941, his 24th birthday. Adams said New Zealand's participation in the battle created a close relationship between Aotearoa and Crete. 'The Cretans love Kiwis because we as New Zealanders went during World War II to fight in their country and save the country from the enemy and lost a lot of lives in the process. 'There's been a close bond ever since with New Zealanders because they appreciate very much the sacrifice that New Zealanders made during World War II.' At Sunday's service, there will be marching by the Western Bay of Plenty Cadet Unit and the NZ Cadet Forces, a performance by Tauranga's Athena Greek Dance Group, followed by catering. The details
Yahoo
13-05-2025
- General
- Yahoo
Vietnam War soldier's headstone found near York County bridge
YORK COUNTY, Pa. (WHTM) — A military headstone was found discarded beside a bridge in York County. The headstone was found near the bridge on Dorsey Lane in Carroll Township. The headstone belongs to Private First Class Richard Davis, who was killed in 1969 while fighting in Quang Tin during the Vietnam War. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Davis was from Red Lion and was buried in Glenville. According to a biography on Davis' service, his primary unit in Vietnam was with C Company, 1st Battalion, 52nd Infantry. The cemetery where Davis is interred shared a picture of Davis' headstone when it was properly in place, and it's unclear how it ended up by the bridge. Police are investigating how the headstone landed near the bridge. This is a developing story. Stay with abc27 News as more information becomes available Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
