The Central Bureau of Investigation (CBI) has conducted searches at 17 locations in Mumbai in connection with three cases registered against companies of the Anil Ambani-led Reliance ADA Group, according to an official statement issued on Saturday.
The searches, carried out on May 9, 2026, relate to cases against Reliance Telecom Ltd., Reliance Commercial Finance Ltd. and Reliance Home Finance Ltd., along with their directors.
According to the agency, the raids were conducted at the residential premises of the companies’ directors as well as offices of intermediary entities allegedly used for diversion of bank funds.
The CBI said the searches were conducted based on warrants issued on May 8 by the Special Judge for CBI cases in Mumbai. The agency said it seized incriminating documents during the operation.
Investigators also found that multiple intermediary companies were allegedly operating from the same address, the statement added. The investigation is ongoing.
The agency said it had registered seven cases over the past few months against companies linked to the Anil Ambani-led Reliance Group based on complaints filed by various public sector banks and Life Insurance Corporation of India over alleged fraud involving thousands of crores of rupees.
According to the CBI, the total alleged loss in these cases stands at Rs 27,337 crore.
Earlier, the agency had conducted searches at 14 locations soon after the registration of the cases.
The CBI also said two senior executives of Reliance Communications – D. Vishwanath, Joint President overseeing the group’s banking operations, and Anil Kalya, Vice President – were arrested on April 20, 2026.
The agency alleged that Kalya had actively assisted Vishwanath in handling banking operations and fund utilisation. Both executives are currently in judicial custody.
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