Trouble Brewing: Reliance Group Faces New Legal Storm

The Reliance Group, a major player in India's finance sector, is in hot water again. The Central Bureau of Investigation (CBI) has just filed new cases against two of its subsidiaries: Reliance Home Finance and Reliance Commercial Finance. These cases come after complaints from two state-owned banks, Union Bank of India and Bank of Maharashtra. So, what's the deal? The CBI is looking into alleged frauds worth billions of rupees. The first case involves Reliance Home Finance and a whopping 2. 28 billion rupees. The second case targets Reliance Commercial Finance for 574. 7 million rupees. These banks had already labeled these loans as fraudulent back in 2024 and 2025, which is why they had to file complaints with the CBI. But wait, there's more. The CBI is already investigating two other big cases against these same companies. One involves Reliance Home Finance for a massive 55. 72 billion rupees, and the other targets Reliance Commercial Finance for 92. 8 billion rupees. The new cases are just part of these ongoing investigations. The Reliance Group, led by Anil Ambani, hasn't responded to these new allegations yet. But they've denied the charges in the past. It's a tough spot for the company, and it's not clear how this will all play out.