The Central Bureau of Investigation on Thursday carried out searches at seven locations as part of an ongoing investigation into an alleged fraud case involving Reliance Communications, a company belonging to the Anil Dhirubhai Ambani Group, officials said.
According to a statement issued by a CBI spokesperson, the raids were conducted in Mumbai, Gurugram and Bengaluru at the residential premises of the company’s then CEO, CFO and certain directors who were associated with the organisation during the 2015–2017 period.
“The searches were conducted on the basis of search warrants dated 14.05.2026 issued by the special judge for CBI cases in Mumbai. During the operation, incriminating documents were recovered and seized. Further investigation is underway,” the statement said.
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The agency stated that it has so far registered seven separate cases against the Reliance Group headed by Anil Ambani based on complaints filed by multiple public sector banks and the Life Insurance Corporation of India (LIC) in connection with alleged financial frauds involving thousands of crores of rupees.
“The cumulative alleged loss in these cases is estimated at Rs 27,337 crore,” the CBI spokesperson said. The agency had earlier conducted searches at 31 locations linked to the case and arrested two senior executives of Reliance Communications — joint president D Vishwanath and vice president Anil Kalya.
According to the CBI, Vishwanath was overall in-charge of the group’s banking operations, while Kalya allegedly played an active role in assisting him in handling banking transactions, payments and utilisation of funds. “Both the accused are currently in judicial custody,” the spokesperson added.
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