Amit Dangi Faces CBI Interrogation in Reliance Finance Fraud Investigation
Synopsis
In a significant development, the CBI has interrogated Amit Dangi regarding a major bank fraud case involving Reliance Commercial Finance. The investigation, tied to illicit fund diversion, raises serious questions about corporate governance.
Key Takeaways
CBI interrogated Amit Dangi regarding a major fraud case.
The investigation involves Rs 57.47 crore linked to Reliance Commercial Finance.
Authum Investment recently acquired Reliance's assets.
Forensic audits revealed significant fund diversions.
Multiple banks are exposed to this financial misconduct.
New Delhi, March 19 (NationPress) The CBI conducted an extensive interrogation of Amit Dangi, a senior official at Authum Investment & Infrastructure Ltd, on Thursday as part of the investigation into the Rs 57.47 crore fraud case linked to Reliance Commercial Finance Ltd.
Dangi serves as a whole-time director at Authum Investment & Infrastructure Ltd., which has recently acquired the assets of Reliance Commercial Finance Ltd and Reliance Home Finance Ltd, both currently under scrutiny.
On Thursday, the CBI summoned Amit Dangi to its headquarters in New Delhi, where he underwent questioning for approximately seven hours, as stated by an official announcement.
The investigation was initiated on December 6, 2025, when the CBI registered a case against Reliance Commercial Finance Ltd, involving numerous individuals including Devang Pravin Mody and Ravindra Somayajula Rao, along with unidentified public servants. The accusations stem from a complaint received on November 11, 2025 from the Bank of Maharashtra, alleging a wrongful loss of Rs 57.47 crore.
The complaint was supported by a forensic audit report, which revealed significant fund diversion. A consortium of 31 banks and financial institutions, including 13 public sector banks, has a total exposure of Rs 4,097 crores in this matter.
Following the initial complaint from the Bank of Maharashtra, another report was received from Punjab National Bank, escalating the total exposure from these two institutions to Rs 302.38 crore.
The CBI secured search warrants from a Special Judge in Mumbai and executed searches at the offices of Reliance Commercial Finance Ltd and the residences of Mody in both Mumbai and Pune on December 9, 2025. During these searches, several incriminating documents were seized, as noted in the official statement.
Point of View
The ongoing investigation into Amit Dangi and Reliance Commercial Finance highlights the critical need for accountability in corporate governance. The CBI's actions reflect a robust approach to tackling financial misconduct, ensuring that justice is served.
NationPress
10 May 2026
Frequently Asked Questions
What is the CBI investigating?
The CBI is investigating a bank fraud case involving Rs 57.47 crore linked to Reliance Commercial Finance Ltd.
Why was Amit Dangi interrogated?
Dangi was interrogated as part of the CBI's investigation into alleged fraudulent activities associated with Reliance Commercial Finance.
What triggered the CBI investigation?
The investigation was triggered by a complaint from the Bank of Maharashtra alleging wrongful loss due to fraud.
What were the findings of the forensic audit?
The forensic audit indicated large-scale fund diversion, leading to significant financial exposure for multiple banks.
