CBI Registers Criminal Case Against Reliance Home Finance in ₹228 Crore Bank Fraud

CBI registers criminal case against Reliance Home Finance Ltd., its directors, and unknown officials over ₹228 crore bank fraud. Searches are underway at company offices and residences of Anil Ambani’s son and ex-CEO, with incriminating documents seized.

Post Published By: Karan Sharma

Updated : 9 December 2025, 3:59 PM IST

CBI Launches Probe Against Reliance Home Finance

New Delhi: The Central Bureau of Investigation (CBI) has registered a criminal case against M/s Reliance Home Finance Ltd. (a Reliance ADA Group company), its promoters/directors, and unidentified bank officials.

The case is based on a complaint by Union Bank of India, alleging criminal conspiracy, cheating, and misconduct, resulting in a wrongful loss of ₹228.06 crores to the bank.

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The account of Reliance Home Finance Ltd. was declared NPA on 30.09.2019 and classified as fraud on 10.10.2024 by Union Bank of India (e-Andhra Bank).

Scope of Investigation

Reliance Home Finance Ltd. had been availing loans totaling ₹5,572.35 crores from 18 banks, financial institutions (FIs), NBFCs, and corporate bodies, including Union Bank of India.

The CBI has stated that a thorough investigation will be conducted to probe allegations of defrauding all these banks and financial institutions by the accused company.

Searches Conducted

The CBI obtained search warrants from the Hon’ble Special Judge for CBI, Mumbai, and commenced searches on 09.12.2025 at:

• Two official premises of Reliance Home Finance Ltd.

• Residential premises of Shri Jai Anmol Ambani, son of Anil Ambani and former director of RHFL

• Residential premises of Sh. Ravindra Sudhalkar, ex-CEO and Whole Time Director of RHFL

During the searches, the CBI recovered several incriminating documents, which are being taken into possession. The searches are still in progress.

Background

The case highlights ongoing concerns regarding financial irregularities in large corporate loans in India. The involvement of high-profile individuals associated with the company adds to the scrutiny.

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Authorities have emphasized that all responsible parties will be investigated, and appropriate legal action will be taken.