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CBI arrests former CEOs of two Reliance ADA Group companies
Among the arrested executives, former director and CEO of Reliance Commercial Finance Limited (RCFL) Devang Mody had caused a loss of ₹4,097 crore to 13 public sector banks (PSBs), while former executive director and CEO of Reliance Home Finance Limited (RHFL) Ravindra Sudhalkar had caused a loss of ₹3,526 crore to 10 PSBs, the statement released by the CBI said | Mumbai news
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thehindubusinessline.com
CBI arrests former RCFL and RHFL CEOs in Rs 7,623 crore bank fraud case
CBI arrests ex-CEOs of RCFL and RHFL in Rs 7,623 crore fraud case. Loans allegedly diverted to Reliance group firms, causing major bank losses.
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economictimes.indiatimes.com
CBI arrests former CEOs of RCFL, RHFL in Reliance ADA Group loan diversion case; Rs 7,623 cr loss to PSBs
According to the CBI, the two former executives are accused of causing a combined wrongful loss of Rs 7,623 crore to public sector banks. In the RCFL case, the agency said the…
