Mumbai, July 7 (IANS) The Central Bureau of Investigation (CBI) on Tuesday filed the first charge sheet in the Reliance Commercial Finance Ltd (RCFL) case against seven accused, including two Reliance Group companies, for causing a loss of Rs 4,097 crore to public sector banks, according to a statement issued by the investigative agency.The accused in the charge sheet, filed before the Special Judge for CBI cases, include Reliance Infrastructure Ltd and Reliance Home Finance Ltd (RHFL), and five…
Latest Reliance ADA Group News & Updates
New Delhi, July 4 (IANS) The Central Bureau of Investigation (CBI) on Saturday said that it has arrested Amit Bapna, former Chief Financial Officer of Reliance Capital Ltd, in connection with the ongoing investigation into the Reliance ADA Group cases.According to the CBI, the investigation has revealed that Amit Bapna — who served as Chief Financial Officer of Reliance Capital Ltd from August 2014 to December 2019 — was one of the key decision-makers responsible for managing the financial aff…
New Delhi, June 22 (IANS)The Central Bureau of Investigation (CBI) has arrested Reliance Commercial Finance Limited’s (RCFL) former Director and Chief Executive Officer Devang Mody, and Reliance Home Finance Limited’s (RHFL) former Executive Director and Chief Executive Officer Ravindra Sudhalkar, in connection with the ongoing investigation into the Anil Ambani-run Reliance ADA Group cases, the investigative agency announced on Monday.The investigation has revealed that the accused persons dive…
Mumbai, May 29 (IANS) The Central Bureau of Investigation (CBI) on Friday said it has filed its first charge sheet against 16 persons in one of the Reliance ADA Group cases.The CBI registered the case on the basis of a complaint received from the “State Bank of India against Reliance Communications Limited and Anil Ambani for allegedly causing a loss of Rs. 2,929.05 crore to the bank”.The charge sheet, filed before the Special Judge for CBI Cases, Mumbai, include persons from Reliance Communicat…
New Delhi, May 14 (IANS) The Central Bureau of Investigation (CBI) on Thursday said it has conducted searches at seven premises in connection with a case registered against Reliance Communications Ltd., one of the Reliance ADA Group companies.These premises were spread across Mumbai, Gurugram, and Bengaluru, the Bureau said in a statement.“The searches were conducted at the residential premises of the then CEO, CFO and Directors of the company who served during the period 2015–2017. The sear…
Mumbai, May 9 (IANS) The Central Bureau of Investigation (CBI) on Saturday said it has conducted searches at 17 premises in Mumbai in connection with three cases registered against Anil Ambani-led Reliance ADA Group companies — Reliance Telecom Ltd, Reliance Commercial Finance Ltd, Reliance Home Finance Ltd and their Directors.According to a CBI statement, these searches are “being conducted at the residential premises of Directors of the above-mentioned companies as well as at the office pre…