New Delhi (Gurpreet Singh): The Central Bureau of Investigation (CBI) intensified its probe into the Reliance ADA Group on Saturday, March 21, 2026, by examining two former group managing directors, Gautam Doshi and Sateesh Seth. The questioning, which took place at the agency’s headquarters in New Delhi, is part of an ongoing investigation into an alleged bank fraud amounting to ₹2,929.05 crore involving Reliance Communications Ltd (RCom) and its promoter, Anil Ambani. This follows the examination of another former managing director, Amitabh Jhunjhunwala, earlier this week on March 18.
The case originates from a formal complaint filed by the State Bank of India (SBI) in August 2025. According to the First Information Report (FIR), RCom had outstanding dues exceeding ₹40,000 crore to various lenders as of 2018, with SBI facing a direct exposure of nearly ₹3,000 crore. The CBI recently questioned Anil Ambani himself for two days, identifying him as an “accused” in the RCom case. Ambani’s legal representatives have previously argued that the SBI complaint pertains to decade-old matters and that as a non-executive director at the time, he was not involved in day-to-day operations.
In a parallel development, the CBI also examined Sanjay Dangi, an advisor at Authum Investment and Infrastructure Ltd. This probe focuses on a separate alleged fraud exceeding ₹57 crore involving Reliance Commercial Finance Ltd (RCFL) and the Bank of Maharashtra. Authum Investment has notably taken over the assets of RCFL and Reliance Home Finance Ltd, both of which are under investigation for causing total losses of over ₹9,000 crore to various financial institutions.
These investigations come at a time when the matters are already being contested in several judicial forums, including the National Company Law Tribunal (NCLT) and the Supreme Court. Anil Ambani has challenged SBI’s declaration of the accounts as fraud, maintaining that the resolution process is currently sub judice. The CBI’s recent flurry of examinations suggests the agency is looking to verify the backward and forward linkages of fund diversions before filing its final charge sheet.
