The Central Bureau of Investigation (CBI) carried out searches at 17 locations in Mumbai linked to the Anil Ambani-led Reliance ADA Group on Friday as part of a probe into an alleged fraud amounting to Rs 27,337 crore.
Search Warrants and Seizures
The searches were conducted based on search warrants issued on 8 May 2026 by the Special Judge for CBI cases in Mumbai. Officials confirmed that the raids resulted in the seizure of incriminating documents, which are expected to provide crucial evidence in the case.
Scope of the Investigation
The investigation focuses on financial irregularities involving the Reliance ADA Group, a conglomerate with interests in telecommunications, infrastructure, and energy. The CBI is examining allegations of fund diversion and misrepresentation of assets that led to significant losses for lenders.
Authorities are analyzing the seized documents to identify individuals responsible and trace the flow of funds. The raids mark a significant escalation in the probe, which has been ongoing for several months.
Anil Ambani, chairman of the Reliance ADA Group, has previously denied any wrongdoing. The company has stated its commitment to cooperating with the investigation.
The CBI action comes amid heightened scrutiny of corporate fraud cases in India, with the agency intensifying efforts to recover public money and hold accountable those involved in financial crimes.
