Anil Ambani Raid: CBI tightens grip on Anil Ambani’s companies, 15 raids in Rs 27000 crore scam

Anil Ambani Raid CBI News: Central Bureau of Investigation has taken a very big and strict action against Reliance ADA Group. The CBI team has launched a big search operation today on the very serious allegation of diverting bank loan money. The investigating agency has conducted simultaneous raids at a total of 15 important locations including Delhi and Mumbai. This entire action is being taken mainly in cases related to Reliance Commercial Finance Limited and Reliance Home Finance Limited.

During this large and detailed investigation process, CBI has taken under its ambit 23 interrelated entities related to Reliance ADA Group. It is alleged that these entities were used to divert huge loan amounts taken by RCFL and RHFL from banks. All this money was allegedly wrongly transferred to several other companies of the group. Due to this large and well-planned fraud, all the lending banks have suffered huge financial losses.

Raids on houses of former officials

The investigating agency has also launched its massive search operation at the premises of the former Chief Financial Officer (CFO) of Reliance Home Finance Limited. Along with this, the whereabouts of the former secretarial head of Reliance ADA Group and the former Chief Treasury Advisor of RHFL have also been investigated in depth. CBI officially said that this action has been taken on the basis of search warrant issued by the judge of the special court based in Mumbai. During the detailed searches conducted at all these 15 important locations, the investigating officers have seized many very important and objectionable documents.

Bank scam of Rs 27337 crore

Earlier, CBI had also taken major action against Reliance Communications Limited, Reliance Home Finance and Reliance Commercial Finance. Along with this, seven FIRs were also registered against Reliance Telecom Limited on the complaints of various banks and Life Insurance Corporation of India. In these seven big cases, public sector banks and LIC are alleged to have suffered a huge loss of Rs 27337 crore. The threads of investigation of these old cases also seem to be completely linked to this recent raid by CBI.

Also read: Petrol and diesel prices on fire in Pakistan! Now prices will change daily, double blow of inflation on the public

Major action has already been taken

CBI has earlier also conducted its major search operation at 38 different places in serious cases of bank fraud related to Reliance ADA Group. The investigating agency has completed its investigation in this big case and has so far filed four chargesheets in the court.

Apart from this, seven main accused have been arrested and are currently in judicial custody. CBI has clearly stated that all these cases are being investigated expeditiously under the supervision of the Supreme Court.