New Delhi [India], April 20 (ANI): The Rouse Avenue court on Monday remanded Amitabh Jhunjhunwala and Amit Bapna in judicial custody after ED's interrogation. ED produced them before the court after 5 days and sought their judicial custody. They have been arrested in Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) in an alleged bank loan fraud and money laundering case re

New Delhi [India], April 19 (ANI): The Enforcement Directorate (ED) in its investigation has found that Amitabh Jhunjhunwala, a former senior executive of Anil Dhirubhai Ambani Group (ADAG), was among key decision makers with respect to various operations of Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL) such as raising of funds, monitoring cash flow, monitoring Assets Under Management, ana

New Delhi [India], March 23 (ANI): The Supreme Court, while hearing a PIL concerning alleged financial irregularities and fund siphoning involving entities linked to Anil Ambani, including Reliance Home Finance Limited, orally observed that the conduct of the investigating agencies has reflected a degree of reluctance. The bench, led by Chief Justice of India (CJI) Surya Kant, noted that despite serious allegati

Directorate of Enforcement (ED) has provisionally attached 31 immovable properties worth Rs 581.65 crore in the case of Reliance Home Finance Limited (RHFL)/Reliance Commercial Finance Limited (RCFL). The properties are in the form of land parcels located in Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh and […]

New Delhi [India], March 13 (ANI): The Enforcement Directorate (ED) has provisionally attached 31 immovable properties worth Rs 581.65 crore in the case of Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL), the central agency said in a press release on Thursday. The attached properties are in the form of land parcels situated in Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar P

New Delhi: The CBI on Tuesday searched the Mumbai residence of Jai Anmol Anil Ambani after filing an FIR against him, Reliance Home Finance Ltd. (RHFL), and former CEO Ravindra Sudhalkar for allegedly...

… separate cases against Reliance Home Finance Ltd. (RHFL) and … /s Reliance Home Finance Ltd., residential premises of … M/s Reliance Commercial Finance Ltd. (RCFL), its promoters … 280 crore from 31 banks, financial institutions, NBFCs, and corporate …

MUMBAI: India’s financial crime-fighting agency has filed new cases against Reliance Home Finance and Reliance Commercial Finance, the agency said on Tuesday. The cases, filed after complaints by two state-owned lenders, are part of ongoing probes, it said in a statement. The cases include one about an alleged fraud by Reliance Home Finance involving 2.28 billion rupees (about $25.4 million) on a complaint by Union Bank of India and another against Reliance Commercial Finance involving 574.7 million rupees on a complaint by Bank of Maharashtra, the Central Bureau of Investigation said. The banks had classified the loan account of these companies as fraud in 2024 and 2025, requiring them to file complaints with investigators. The companies were owned by the Anil Ambani-owned Reliance group until fiscal year 2023, when they were acquired Authum Investment & Infrastructure through a debt resolution process. Reliance Industries, JV partners to invest $11 billion in India AI data capacity The federal agency is investigating two separate cases against Reliance Home Finance and Reliance Commercial involving alleged frauds of 55.72 billion rupees and 92.8 billion rupees, respectively.

CBI Books Anil Ambani’s Son in 228 Cr Cheating Case New Delhi- The CBI has booked the son of industrialist Anil Ambani, Jai Anmol Anil Ambani, and Reliance Home Finance Ltd. (RHFL) in a case of alleged cheating in Union Bank of India that caused a loss of Rs 228 crore to the public bank, officials said on Tuesday. The CBI acted on a complaint from the bank (erstwhile Andhra Bank) against Reliance Home Finance Ltd., Jai Anmol Anil Ambani and Ravindra Sharad Sudhakar, both directors in RHFL, they said. The company had availed credit limits to the tune of Rs 450 crore from the bank’s SCF branch in Mumbai for business needs, the complaint stated. The bank had laid down the condition to maintain financial discipline including timely repayment, service of interest and other charges and submission of position of security and other required papers in time and routing the entire sale proceeds through the bank account. The company failed to pay the instalments to the bank and hence, the said account was classified as a non-performing asset (NPA) on September 30, 2019, the officials said.