NEW DELHI: CBI has registered a case against former Reliance Telecom directors Satish Seth and Gautam Doshi, besides some public servants, on a complaint filed by State Bank of India alleging a bank fraud of Rs 115 crore. The agency conducted searches at their residences in Mumbai in this connection. Various documents connected with the loan transactions have been recovered. The FIR has been filed under sections relating to conspiracy, cheating under IPC and criminal misconduct and abuse of official position under Prevention of Corruption Act. Reliance Telecom has also been named as an accused in the case. According to CBI, SBI was the lead banker and member of a consortium of 11 banks which had sanctioned a total of Rs 735 crore Term Loan facility to M/s. Reliance Telecom Ltd. SBI was the first bank to classify Reliance Telecom’s accounts as fraudulent and subsequently filed a complaint with CBI, based on which an FIR was registered. A 12-member CBI team also landed at the SBI office in Mumbai on Wednesday.End of ArticleFollow Us On Social MediaVideosLPG Vessel ‘Apollo Ocean’ Carrying 16,000 Tonnes Of Cargo Docks In KarnatakaUS Lawmaker Brandon Gill’s Chhat Puja Remark Sparks Outrage, Indian Diaspora Hits Back Strongly’Only PM Modi Can…’: Ex-US Army Col Ridicules Pak’s Mediation Push In Iran War, Pitches India‘Get Serious Before It’s Too Late’, Trump To Iran; Indian Govt Says ‘Have Enough Fuel For 2 Months’West Asia Conflict: PM Modi To Chair Key Meet With CMs To Review Preparedness, PlansIAF Seeks Ultra-Light High-Altitude Drones To Enhance Garud Commandos Capabilities | WatchHow Precision Rockets Are Changing Modern Warfare | Pinaka System Explained’India Is An Oasis Of Energy Security’: Govt Says No Fuel Shortage, Warns Against Misinformation’China And India Cannot Be Moved Apart’: Chinese Envoy’s BIG Message To Delhi, Urges Good TiesIndia-US Defence Partnership Enters New Phase With Focus On Co-Development And Technology Sharing123Photostories10 abandoned islands in the world no one dares to live on and the chilling reasons whyPM Narendra Modi loves Khichdi for regular meals: 5 traditional ways to add 20 gms more protein to the comfort mealFrom Instagram talaq to ‘Divorce’ perfume and rapper romance: Dubai Princess Sheikha Mahra’s fearless reinvention as a single momAre situationships hurting your mental health?From Jameel Jamali to Ram Prasad and Ravi Choudhary; Rakesh Bedi’s memorable roles in BollywoodObjectum sexuality: 10 bizarre incidents where people “Married” objectsWhat men really want! 5 things husbands secretly wish from their wivesDurandhar 2’s Rakesh Bedi aka Jameel Jamali’s 5 memorable shows: From Taarak Mehta Ka Ooltah Chashmah to Shrimaan ShrimatiWant puffed-up pooris every time? Chef Ranveer Brar reveals 2 simple tricks to follow5 versatile bikes that adapt to every terrain with precision123Hot PicksKaroline LeavitTristan da Cunha8th Pay CommissionGold rate todayIncome Tax CalculatorPublic holidays April 2026Bank Holidays AprilTop TrendingICE immigration courtsFIFA World Cup TrophyIndia-Bangladesh NewsIran war newsMLB Opening Day 2026US-Iran-War impactUS mortgage ratesNirav ModiUS citizenshipCOVID-19 fraud case

NEW DELHI: CBI has registered a case against former Reliance Telecom directors Satish Seth and Gautam Doshi, besides some public servants, on a complaint filed by State Bank of India alleging a bank fraud of Rs 115 crore. The agency conducted searches at their residences in Mumbai in this connection. Various documents connected with the loan transactions have been recovered. The FIR has been filed under sections relating to conspiracy, cheating under IPC and criminal misconduct and abuse of official position under Prevention of Corruption Act. Reliance Telecom has also been named as an accused in the case. According to CBI, SBI was the lead banker and member of a consortium of 11 banks which had sanctioned a total of Rs 735 crore Term Loan facility to M/s. Reliance Telecom Ltd. SBI was the first bank to classify Reliance Telecom’s accounts as fraudulent and subsequently filed a complaint with CBI, based on which an FIR was registered. A 12-member CBI team also landed at the SBI office in Mumbai on Wednesday.End of ArticleFollow Us On Social MediaVideosLPG Vessel ‘Apollo Ocean’ Carrying 16,000 Tonnes Of Cargo Docks In KarnatakaUS Lawmaker Brandon Gill’s Chhat Puja Remark Sparks Outrage, Indian Diaspora Hits Back Strongly’Only PM Modi Can…’: Ex-US Army Col Ridicules Pak’s Mediation Push In Iran War, Pitches India‘Get Serious Before It’s Too Late’, Trump To Iran; Indian Govt Says ‘Have Enough Fuel For 2 Months’West Asia Conflict: PM Modi To Chair Key Meet With CMs To Review Preparedness, PlansIAF Seeks Ultra-Light High-Altitude Drones To Enhance Garud Commandos Capabilities | WatchHow Precision Rockets Are Changing Modern Warfare | Pinaka System Explained’India Is An Oasis Of Energy Security’: Govt Says No Fuel Shortage, Warns Against Misinformation’China And India Cannot Be Moved Apart’: Chinese Envoy’s BIG Message To Delhi, Urges Good TiesIndia-US Defence Partnership Enters New Phase With Focus On Co-Development And Technology Sharing123Photostories10 abandoned islands in the world no one dares to live on and the chilling reasons whyPM Narendra Modi loves Khichdi for regular meals: 5 traditional ways to add 20 gms more protein to the comfort mealFrom Instagram talaq to ‘Divorce’ perfume and rapper romance: Dubai Princess Sheikha Mahra’s fearless reinvention as a single momAre situationships hurting your mental health?From Jameel Jamali to Ram Prasad and Ravi Choudhary; Rakesh Bedi’s memorable roles in BollywoodObjectum sexuality: 10 bizarre incidents where people “Married” objectsWhat men really want! 5 things husbands secretly wish from their wivesDurandhar 2’s Rakesh Bedi aka Jameel Jamali’s 5 memorable shows: From Taarak Mehta Ka Ooltah Chashmah to Shrimaan ShrimatiWant puffed-up pooris every time? Chef Ranveer Brar reveals 2 simple tricks to follow5 versatile bikes that adapt to every terrain with precision123Hot PicksKaroline LeavitTristan da Cunha8th Pay CommissionGold rate todayIncome Tax CalculatorPublic holidays April 2026Bank Holidays AprilTop TrendingICE immigration courtsFIFA World Cup TrophyIndia-Bangladesh NewsIran war newsMLB Opening Day 2026US-Iran-War impactUS mortgage ratesNirav ModiUS citizenshipCOVID-19 fraud case


Bank fraud: CBI files case against 2 ex-directors of Reliance Telecom

NEW DELHI: CBI has registered a case against former Reliance Telecom directors Satish Seth and Gautam Doshi, besides some public servants, on a complaint filed by State Bank of India alleging a bank fraud of Rs 115 crore. The agency conducted searches at their residences in Mumbai in this connection. Various documents connected with the loan transactions have been recovered. The FIR has been filed under sections relating to conspiracy, cheating under IPC and criminal misconduct and abuse of official position under Prevention of Corruption Act. Reliance Telecom has also been named as an accused in the case. According to CBI, SBI was the lead banker and member of a consortium of 11 banks which had sanctioned a total of Rs 735 crore Term Loan facility to M/s. Reliance Telecom Ltd. SBI was the first bank to classify Reliance Telecom’s accounts as fraudulent and subsequently filed a complaint with CBI, based on which an FIR was registered. A 12-member CBI team also landed at the SBI office in Mumbai on Wednesday.



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