The Central Bureau of Investigation (CBI) has registered FIRs against Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL), along with connected individuals, including former directors, promoters and unknown public servants, in separate bank fraud cases involving alleged losses of over ₹285 crore.

In the RHFL case, the FIR has been filed on the basis of a complaint by Union Bank of India, which has accused the company and other accused persons of causing wrongful losses amounting to ₹228.06 crore through alleged cheating, criminal misconduct and criminal conspiracy. According to the complaint, RHFL had availed a credit facility of ₹450 crore from the then Andhra Bank (Union Bank of India). The account was later declared a non-performing asset in September 2019 aft

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