CBI raids 15 Reliance ADA sites, exposing Rs 27,337 crn bank fund diversion
CBI searched 15 premises in Mumbai and Delhi tied to Reliance Commercial Finance and Reliance Home Finance, alleging diversion of borrowed funds to other group firms and an estimated loss of Rs 27,337 crore to public banks and LIC. The raids seized incriminating documents and the investigation remains under Supreme Court supervision.