CBI Intensifies Probe into Reliance ADA Group Bank Fraud Cases, Conducts Searches at 15 Locations in Mumbai and Delhi
Mumbai/New Delhi | July 18, 2026
The Central Bureau of Investigation (CBI) has stepped up its investigation into alleged financial irregularities involving companies belonging to the Reliance Anil Dhirubhai Ambani (ADA) Group by carrying out search operations at 15 locations across Mumbai and Delhi. The searches were conducted in connection with multiple cases registered against Reliance Commercial Finance Ltd. (RCFL) and Reliance Home Finance Ltd. (RHFL), both associated with the Reliance ADA Group led by industrialist Anil D. Ambani.
According to the CBI, the search operations were carried out on July 18, 2026, as part of its ongoing investigation into the alleged diversion and misuse of funds borrowed from banks by the two financial companies. Investigators suspect that money obtained through bank loans was transferred to other companies within the Reliance ADA Group through a network of interconnected entities, allegedly resulting in substantial financial losses for lending institutions.
The searches covered premises linked to 23 interconnected entities associated with the Reliance ADA Group. These entities are suspected of having been used as channels for transferring funds borrowed by RCFL and RHFL to other group companies, allegedly diverting the money from its intended purpose.
Apart from the business entities, the CBI also searched premises linked to three individuals who previously held important positions within the group’s financial and administrative operations. They include the former Chief Financial Officer (CFO) of Reliance Home Finance Ltd., the former Secretarial Head of the Reliance ADA Group and the former Chief Treasury Consultant of RHFL.
The search operations were conducted under warrants issued by the Special Judge for CBI Cases in Mumbai. During the searches, investigators reportedly recovered and seized several documents considered relevant to the investigation. The agency is examining the seized material to establish the financial transactions, identify the movement of funds and determine the possible involvement of individuals and entities in the alleged irregularities.
Seven FIRs Registered Over Alleged Losses of ₹27,337 Crore
The latest searches are part of a wider investigation into alleged banking fraud involving four companies associated with the Reliance ADA Group: Reliance Communications Limited (RCom), Reliance Home Finance Limited (RHFL), Reliance Commercial Finance Limited (RCFL) and Reliance Telecom Limited (RTL).
The CBI has registered seven separate First Information Reports (FIRs) based on complaints received from various public sector banks and the Life Insurance Corporation of India (LIC).
According to the agency, the total alleged financial loss to public sector banks and LIC across these seven cases is approximately ₹27,337 crore, making it a significant investigation involving the banking and financial sectors.
The complaints relate to alleged financial irregularities involving loans and other banking facilities extended to the companies. Investigators are examining whether funds obtained from financial institutions were diverted through interconnected companies and whether such transactions caused wrongful losses to lenders.
The CBI is also scrutinising the financial arrangements between the companies to establish how the borrowed funds were utilised and whether the transactions were part of a larger network of fund diversion.
Earlier Searches, Four Chargesheets and Seven Arrests
The latest operation follows several rounds of investigative action already undertaken by the CBI in the Reliance ADA Group cases.
As part of its earlier investigation, the agency conducted searches at 38 locations and filed four chargesheets against the accused persons in connection with the cases.
The CBI has also arrested seven individuals in the ongoing investigation. All seven accused persons are currently in judicial custody.
With the latest searches covering 15 additional premises in Mumbai and Delhi, investigators are continuing to gather documentary and financial evidence to establish the alleged transactions and the roles played by the companies and individuals under scrutiny.
The seized documents are expected to assist investigators in tracing financial transactions, examining links between the 23 interconnected entities and identifying the possible flow of funds between different group companies.
Supreme Court Monitoring the Investigation
The investigation into the Reliance ADA Group cases is also being monitored by the Supreme Court of India, underlining the importance of the matter and the need for a thorough examination of the allegations.
The CBI has stated that its investigation is continuing and that it remains committed to completing the probe in an expeditious and comprehensive manner.
The latest searches represent another significant step in the agency’s efforts to examine the alleged diversion of bank funds and establish accountability in cases involving an estimated ₹27,337 crore in losses to public sector banks and LIC.
The investigation is ongoing, and the CBI is continuing to examine the evidence collected during the searches to establish the complete financial trail and determine the responsibility of the individuals and entities involved.
News Source: Central Bureau of Investigation (CBI) – Official Press Release
