NEW DELHI: Central Bureau of Investigation (CBI) on Saturday conducted searches at 17 locations in Mumbai in connection with three cases registered against Reliance ADA Group companies, Reliance Telecom Limited, Reliance Commercial Finance Limited and Reliance Home Finance Limited and their directors.According to CBI, the searches were carried out at the residential premises of directors of the companies and offices of intermediary firms allegedly used for diversion of bank funds. The searches were conducted on the basis of warrants issued on May 8 by a special CBI court in Mumbai.CBI said incriminating documents were seized during the searches. Investigators also found that multiple intermediary companies were allegedly operating from the same address.The agency said it had registered seven cases against the Anil Ambani-led Reliance Group in recent months based on complaints filed by various public sector banks and LIC in connection with alleged frauds involving thousands of crores of rupees. The total alleged loss in these cases is Rs 27,337 crore, according to CBI.The CBI had earlier conducted searches at 14 locations after registering the cases. Two senior executives of Reliance Communications D Vishwanath, joint president, and Anil Kalya, vice president were arrested on April 20 in connection with the investigation. Both are currently in judicial custody. The CBI said the investigation into the cases is being monitored by the Supreme Court.End of ArticleFollow Us On Social MediaVideosTVK Chief Vijay To Take Oath As Tamil Nadu CM On May 10, Trust Vote By May 13‘No Repentance’: Supreme Court On MP Minister’s Remark On Col Sofiya Qureshi‘Rangla to Kangla’: Raghav Chadha ’s Big Charge After ED Action | WatchIndia Successfully Tests Advanced Agni Missile With MIRV Technology‘First Enemy Is BJP’: Mamata Calls For Joint Oppn Platform As Suvendu Takes Oath As Bengal CMIndian Sailor Killed, 4 Injured After Dhow Catches Fire Near Strait Of HormuzMamata Banerjee’s X Bio Change Sparks Buzz After BJP Forms Bengal GovernmentDid TMC Avoid Official Entry of Political Killings? Zero In NCRB Records | WatchED Arrests Punjab Minister Sanjeev Arora In Rs 100 Crore Money Laundering CaseVCK Backs Vijay As TVK Moves Closer To Forming Government In Tamil Nadu | Watch123PhotostoriesWhy is your diet the secret to healthy hair?A simple homely dish that reminded Prime Minister Narendra Modi of his motherSuccess quote of the day by Aristotle: “Excellence is never an accident, it is always the result of…”Hantavirus is that odd infection that can make a simple fever a medical emergency, says Delhi NCR pulmonologistWhat’s it like to visit 10 most economically stable countries in the world right now? What’s India’s rankHow to know if someone is genuine: 5 common habits that sets them apart from those who are fakeHow to correctly store watermelons in summer to keep them fresh, juicy, and long-lastingAnimals that carry their homes with themHow to make South Indian Lauki Paniyaram for Saturday breakfastSundar Pichai: 5 career-saving office politics tips inspired by the Google CEO123Hot PicksSBI Q4 resultsThane- Navi Mumbai corridorMaharashtra SSC ResultPune child rape-murder casePerambur election resultIndia-New Zealand FTASugarcane price hikeTop TrendingWWE Smackdown HighlightsWest Bengal Government FormationUS Iran warHPBOSE 10th Result 2026Yashasvi JaiswalR AshwinBAN vs PAKSalil AnkolaWest Bengal CabinetSuryansh Shedge
NEW DELHI: Central Bureau of Investigation (CBI) on Saturday conducted searches at 17 locations in Mumbai in connection with three cases registered against Reliance ADA Group companies, Reliance Telecom Limited, Reliance Commercial Finance Limited and Reliance Home Finance Limited and their directors.According to CBI, the searches were carried out at the residential premises of directors of the companies and offices of intermediary firms allegedly used for diversion of bank funds. The searches were conducted on the basis of warrants issued on May 8 by a special CBI court in Mumbai.CBI said incriminating documents were seized during the searches. Investigators also found that multiple intermediary companies were allegedly operating from the same address.The agency said it had registered seven cases against the Anil Ambani-led Reliance Group in recent months based on complaints filed by various public sector banks and LIC in connection with alleged frauds involving thousands of crores of rupees. The total alleged loss in these cases is Rs 27,337 crore, according to CBI.The CBI had earlier conducted searches at 14 locations after registering the cases. Two senior executives of Reliance Communications D Vishwanath, joint president, and Anil Kalya, vice president were arrested on April 20 in connection with the investigation. Both are currently in judicial custody. The CBI said the investigation into the cases is being monitored by the Supreme Court.