Mumbai: In a major crackdown today, the CBI raided 17 locations of Anil Ambani-led Reliance ADA Group in Mumbai. Somehow Anil Ambani is often in the news for the wrong reasons, unlike Mukesh Ambani. These searches are part of a massive probe into an alleged ₹27,337 crore bank fraud involving several group companies. Amazon Brand - Myx Women's Pure Cotton Embroidered Short Kurti | Tunic | Short Kurta (Available in Plus Sizes)

The investigation focuses on three major entities: Reliance Telecom Ltd (RTL), Reliance Commercial Finance Ltd, and Reliance Home Finance Ltd. Searches were conducted at the residential premises of company directors as well as the offices of intermediary companies suspected of being used to divert bank funds.

CBI officials have seized incriminating documents and discovered that multiple intermediary firms were allegedly operating from the same physical address, a classic red flag for shell company networks.The raids were carried out based on search warrants issued yesterday, May 8, 2026, by a Special CBI Court in Mumbai.

This action is based on a Supreme Court-monitored push for a fair and time-bound probe into financial irregularities within the Reliance Anil Ambani Group (RAAG). The total alleged loss suffered by public sector banks and the Life Insurance Corporation of India (LIC) across seven registered cases stands at approximately ₹27,337 crore. Mukherjee and Gowda’s visions converge: Bengal’s cultural rebirth begins

On April 20, 2026, the CBI arrested two senior executives, D. Vishwanath (Joint President of Banking Operations) and Anil Kalya (Vice President), for their roles in managing indirect transactions through shell entities. Cutting the Cord: India Redraws the Galactic Map to Keep Chinese Interests Out of Indian Skies

Yesterday, the Supreme Court remarked that it would leave the "wisdom" of making further arrests, including that of Anil Ambani himself, to the investigating agencies as they continue to file charge sheets.