The Central Bureau of Investigation (CBI) is increasing its investigation into major alleged bank fraud cases associated with the Reliance Anil Dhirubhai Ambani Group (ADA Group). Top executives have been summoned for detailed questioning at the CBI headquarters in New Delhi. The scrutiny follows concerns over significant financial irregularities involving loans from public sector banks, with estimated losses totaling around Rs 9,280 crore, including Rs 4,097 crore to public sector banks.
In a high-profile case concerning “Reliance Communications Limited (RCom),” the CBI filed an FIR on August 21, 2025, based on a complaint from the State Bank of India (SBI). The allegations focus on a fraud of Rs 2,929.05 crore, accusing RCom, industrialist Anil Ambani, and others of criminal conspiracy, cheating, and breach of trust. The investigation suggests diversion and misutilization of loan funds through complex transactions between 2013-17, leading to wrongful loss to SBI from its total exposure of over Rs 19,000 crore in a consortium of banks.
On March 21, 2026, two Group Managing Directors of the Reliance ADA Group, Gautam Doshi and Sateesh Seth, underwent questioning by the CBI Investigating Officer. This questioning follows the recent extensive interrogation of Anil Ambani himself over two consecutive days (March 19 to 20) for nearly eight hours each, underscoring the agency’s focus on key decision-makers within the group.
In a separate case involving “Reliance Commercial Finance Limited,” the CBI registered an FIR on December 6, 2025, based on a complaint from the Bank of Maharashtra, alleging a fraud of Rs 57.47 crore. The accused parties include Reliance Commercial Finance Limited, Devang Pravin Mody, Ravindra Somayajula Rao, and others, including unknown public servants. Recently, Sanjay Dangi, an Advisor at Authum Investment and Infrastructure Limited, which has acquired the assets of Reliance Commercial Finance Limited and Reliance Home Finance Limited (both under investigation), was examined by the CBI throughout the day.
