Contemporary hassle mounts for the Reliance Anil Ambani Group after CBI registered a financial institution fraud in opposition to Reliance Industrial Finance Ltd, its promoters/administrators and unknown financial institution officers, based mostly on a grievance of Financial institution of Maharashtra on the allegations of felony conspiracy.
The Pune-headquartered public-sector financial institution has alleged felony conspiracy, dishonest and felony misconduct by RCFL and thereby inflicting wrongful lack of Rs. 57.47 crores to the financial institution.
“The mortgage account of M/s Reliance Industrial Finance Ltd. was declared NPA by the financial institution on 25.03.2020 and in addition as fraud on 04.10.2025 for inflicting wrongful lack of Rs 57.47 crores to Financial institution of Maharashtra. M/s RCFL was availing loans to the tune of Rs 9,280 crores from 31 Banks, FIs, NBFCs, and different events, together with Financial institution of Maharashtra,” as per sources.
In the meantime, CBI has obtained warrants from the courtroom of Particular Choose for CBI, Mumbai and has commenced searches at official premises of the corporate M/s RCFL at Mumbai and residential premises of Devang Pravin Mody, Director of M/s Reliance Industrial Finance Ltd., in Pune on Tuesday.
A number of incriminating paperwork have been noticed and are actually being taken into possession throughout searches being performed.
This comes after the CBI booked Jai Anmol Ambani on the idea of a grievance filed by the Union Financial institution of India for alleged wrongful losses totalling Rs 228 crores.
That is the primary felony case filed in opposition to the son of Anil Ambani, who was a former director at Reliance Dwelling Finance Ltd. CBI has additionally booked Ravindra Sudhalkar ex-CEO after which complete time director m/s RHFL within the banking fraud case.
Earlier, the ED had hooked up Anil Ambani Reliance Group’s properties totalling over Rs 8,997 crore within the alleged financial institution fraud trigger involving Reliance Communications Restricted (RCom), Reliance Industrial Finance and Reliance Dwelling Finance. The general attachment associated to the group has now reached Rs 10,117 crore.
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