3 weeks ago
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The CBI connected Saturday (May 9, 2026) conducted searches astatine 17 premises successful Mumbai successful transportation with 3 cases registered against Reliance ADA Group companies Reliance Telecom Limited, Reliance Commercial Finance Limited and Reliance Home Finance Limited and their directors, officials said.
"These searches are being conducted astatine the residential premises of directors of the above-mentioned companies arsenic good arsenic astatine the bureau premises of intermediary companies whose accounts were utilized for diversion of slope funds," a spokesperson for the Central Bureau of Investigation (CBI) said successful a statement.
No contiguous absorption was disposable from the companies.
The CBI got a hunt warrant issued from a peculiar tribunal successful Mumbai connected Friday (May 8).
The searches person led to the seizure of incriminating documents, the officials said.
The full quantum of the alleged nonaccomplishment suffered by banks and the Life Insurance Company (LIC) of India successful these cases is ₹27,337 crore, they added.
"Searches person besides revealed that aggregate intermediary companies were operating from aforesaid address. The probe is continuing," the connection said.
The national bureau has lodged 7 cases against the Anil Ambani-led Reliance Group based connected complaints from assorted nationalist assemblage banks and the LIC successful transportation with alleged frauds involving thousands of crores of rupees.
The CBI had conducted searches astatine 14 locations successful the past fewer months, instantly aft the registration of these cases.
The bureau has arrested 2 elder executives of RCom -- associated president D Vishwanath, who was the wide in-charge of the group's banking operations, and vice-president Anil Kalya, who had actively supported Vishwanath successful managing the banking operations and payments and utilisation of funds -- connected April 24.
"Both the accused persons are presently successful judicial custody. The probe into the cases relating to the Anil Ambani-led Reliance Group is being monitored by the Supreme Court," the connection said.
