Synopsis: The CBI filed loan-fraud cases totalling over ₹285 crore against Reliance Home Finance and Reliance Commercial Finance, naming Anmol Ambani, triggering searches and sparking a sell-off as Reliance Infra and Reliance Power fell up to 5%.

The Central Bureau of Investigation (CBI) registered two criminal cases on against Reliance ADA Group firms, Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL), for alleged loan fraud totalling over Rs 285 crore, naming Jai Anmol Ambani (son of Anil Ambani) in the RHFL case.

RHFL Case Details

RHFL allegedly defrauded Union Bank of India (formerly Andhra Bank) of Rs 228.06 crore through criminal conspiracy, cheating, and fund diversion from April 2016 to June 2019. The company had secured Rs 5,572.35 crore in loans f

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