CBI raids 15 locations in Mumbai, Delhi in Reliance ADA Group fraud cases
Synopsis
The CBI has raided 15 premises across Mumbai and Delhi in its ongoing probe into alleged fund diversion by Reliance ADA Group companies RCFL and RHFL — part of a ₹27,337 crore alleged loss to public sector banks and LIC. With the Supreme Court monitoring the case and seven accused already in judicial custody, the investigation is entering a critical new phase.
Key Takeaways
The CBI searched 15 premises in Mumbai and New Delhi on 18 July in Reliance ADA Group fraud cases.
Searches covered 23 interlinked entities allegedly used to divert funds from RCFL and RHFL to other group companies.
Premises of three former executives — ex-CFO of RHFL, ex-Secretarial Head, and ex-Chief Treasury Consultant — were also searched.
The CBI has registered seven FIRs against RCom, RHFL, RCFL , and RTL ; total alleged loss stands at ₹27,337 crore .
Previously, searches were conducted at 38 locations ; four chargesheets filed and seven accused arrested, all in judicial custody.
The investigation is being monitored by the Supreme Court of India .
The Central Bureau of Investigation (CBI) on Saturday, 18 July conducted searches at 15 premises across Mumbai and New Delhi in connection with cases registered against Reliance Commercial Finance Ltd. (RCFL) and Reliance Home Finance Ltd. (RHFL), both companies belonging to the Reliance ADA Group led by Anil D. Ambani. The operation marks the latest enforcement action in a sprawling bank fraud investigation that has already seen four chargesheets filed and seven accused persons arrested.
Scope of the Search Operations
According to the CBI, the searches spanned 23 interlinked entities allegedly associated with the Reliance ADA Group. Investigators allege these entities were used as conduits to divert bank funds borrowed by RCFL and RHFL to other group companies, thereby causing wrongful loss to lending banks.
The premises of three individuals were also covered: the former Chief Financial Officer of RHFL, the former Secretarial Head of the Reliance ADA Group, and the former Chief Treasury Consultant of RHFL. The searches were conducted under warrants issued by the Special Judge for CBI Cases, Mumbai.
What Was Seized
The agency stated that the searches resulted in the seizure of incriminating documents. Further investigation is continuing, the CBI said, without specifying the nature of the documents recovered.
Scale of the Alleged Fraud
The CBI has registered seven FIRs against Reliance Communications Ltd. (RCom), RHFL, RCFL, and Reliance Telecom Ltd. (RTL) based on complaints from various public sector banks and the Life Insurance Corporation of India (LIC). The total alleged loss to public sector banks and LIC across these seven cases is approximately ₹27,337 crore, according to the agency.
Prior Action and Judicial Oversight
This is not the first enforcement salvo in the Reliance ADA Group cases. The CBI had previously conducted searches at 38 locations in earlier rounds of the investigation. All seven accused persons arrested so far are currently in judicial custody.
Notably, the investigation is being monitored by the Supreme Court of India, a rare level of judicial oversight that underscores the gravity and complexity of the alleged fraud. The CBI reiterated its commitment to conducting an expeditious and comprehensive probe. This comes amid sustained regulatory and enforcement scrutiny of Anil Ambani-linked entities across multiple financial sectors.
Point of View
337 crore alleged loss figure, spread across seven FIRs and implicating LIC alongside public sector banks, makes this one of the largest corporate fraud investigations currently active in India. Supreme Court monitoring is a double-edged sword: it accelerates the probe but also raises the stakes for the agency to produce results that hold up in court. With all seven arrested accused in judicial custody, the pressure is now on the CBI to convert seizures into convictions — something that has historically been the weak link in high-profile white-collar cases in India.
NationPress
18 Jul 2026
Frequently Asked Questions
Why did the CBI conduct searches at Reliance ADA Group premises?
The CBI searched 15 premises in Mumbai and New Delhi on 18 July as part of its investigation into alleged diversion of bank funds by Reliance ADA Group companies RCFL and RHFL. Investigators allege that 23 interlinked entities were used as conduits to siphon funds borrowed from public sector banks and LIC, causing an alleged loss of approximately ₹27,337 crore.
What is the total alleged financial loss in the Reliance ADA Group cases?
The total alleged loss to public sector banks and the Life Insurance Corporation of India (LIC) across seven FIRs registered by the CBI is approximately ₹27,337 crore. The FIRs cover Reliance Communications Ltd., RHFL, RCFL, and Reliance Telecom Ltd.
Who are the individuals whose premises were searched?
The CBI searched the premises of three former executives: the former Chief Financial Officer of RHFL, the former Secretarial Head of the Reliance ADA Group, and the former Chief Treasury Consultant of RHFL. Their identities have not been publicly named by the agency.
What action has the CBI taken so far in these cases?
Prior to the latest searches, the CBI had already conducted raids at 38 locations, filed four chargesheets, and arrested seven accused persons, all of whom are currently in judicial custody. The latest operation adds 15 more premises to the search record.
Is the Supreme Court involved in the Reliance ADA Group investigation?
Yes, the Supreme Court of India is monitoring the CBI's investigation in the Reliance ADA Group cases. The agency has reiterated its commitment to conducting an expeditious and comprehensive probe under this judicial oversight.
