CBI Searches 17 Mumbai Premises In Cases Against Anil Ambani-Led Reliance Group Firms
CBI raids 17 Mumbai locations linked to Reliance ADA Group in ongoing multi-case fraud investigation.
The Central Bureau of Investigation (Central Bureau of Investigation) on Saturday carried out searches at 17 locations across Mumbai in connection with multiple cases registered against companies linked to the Anil Ambani-led Reliance ADA Group. The action is part of an ongoing probe into alleged financial irregularities involving Reliance Telecom Ltd, Reliance Commercial Finance Ltd, Reliance Home Finance Ltd, and associated directors.
According to the agency, the searches were conducted at residential premises of company directors as well as offices of intermediary entities allegedly used in the diversion of bank funds. Officials said the operations were carried out under search warrants issued on May 8 by a Special Judge for CBI cases in Mumbai, and resulted in the seizure of documents described as incriminating.
Investigators also found that several intermediary companies were reportedly operating from the same addresses, raising further questions about the structure and flow of transactions under examination. The CBI stated that the investigation remains ongoing and additional scrutiny of financial records and corporate linkages is being conducted to trace the alleged fund movements.
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The latest searches come amid a broader probe into alleged banking frauds involving entities of the Anil Ambani-led Reliance Group. Over the past few months, the agency has registered seven cases based on complaints from public sector banks and the Life Insurance Corporation of India (LIC), with the total alleged financial loss estimated at approximately ₹27,337 crore.
Earlier enforcement actions in the case included searches at 14 locations following the registration of initial cases. The agency also arrested two senior executives of Reliance Communications, identified as D. Vishwanath, Joint President overseeing banking operations, and Anil Kalya, Vice President who allegedly assisted in financial transactions and fund utilisation. Both individuals are currently in judicial custody.
The CBI further stated that the investigation is being monitored by the Supreme Court, underscoring the scale and complexity of the alleged financial irregularities under scrutiny. Officials indicated that the probe is continuing, with additional analysis of seized materials expected to play a key role in determining further legal action.
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