New Delhi, June 1 -- The Central Bureau of Investigation (CBI) arrested an executive of Reliance Communication Group, Amitabh Jhunjhunwala, in a case related to alleged bank loan misuse.

Jhunjhunwala is in jail in an alleged bank loan fraud-linked money laundering case.

A Mumbai court on Monday allowed the CBI to arrest Amitabh Jhunjhunwala, a former senior executive at industrialist Anil Ambani-led Reliance Group, news agencies PTI and ANI reported.

Jhunjhunwala was reportedly the Group Managing Director of the Reliance Communications group and controlled the affairs such as Corporate Finance, Banking, Utilisation of funds, etc.

Jhunjhunwala was produced before special CBI judge J P Darekar on a production warrant from New Delhi's Ti...