The Central Bureau of Investigation (CBI) revealed that it has carried out searches at 17 sites in Mumbai related to three cases involving companies under Anil Ambani’s Reliance ADA Group. These searches targeted the residential and office premises of directors and intermediary companies linked to Reliance Telecom Ltd, Reliance Commercial Finance Ltd, and Reliance Home Finance Ltd.
According to the CBI statement, the searches were authorized by Search Warrants issued by the Special Judge for CBI cases in Mumbai on May 8. Incriminating documents have been seized during these operations. The investigation uncovered multiple intermediary companies operating from the same address, with the probe ongoing.
In recent months, the CBI has filed seven cases against the Reliance Group, following complaints from Public Sector Banks and LIC regarding alleged frauds amounting to Rs 27,337 crore. Earlier searches were conducted at 14 locations after the cases were registered. Two senior executives of RCom, D. Vishwanath and Anil Kalya, were arrested on April 20 and are currently in judicial custody. The Supreme Court is overseeing the investigation into the cases involving the Anil Ambani-led Reliance Group.
