A court in Delhi has refused to grant bail to Amitabh Jhunjhunwala, a close associate of Anil Ambani, in connection with an ₹11,000 crore loan fraud investigation. The court expressed concern that he could potentially interfere with witnesses if he were set free. The Enforcement Directorate (ED) alleged that Jhunjhunwala funneled money, which was supposed to be corporate loans, into Anil Ambani’s firms, showing a "blatant disregard to prudential lending norms." Jhunjhunwala had requested bail citing medical reasons, pointing to his history of health issues.

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1 hour ago