The Central Bureau of Investigation (CBI) has filed chargesheets in two cases linked to alleged fraudulent transactions between Anil Ambani’s group firms, Reliance Commercial Finance Ltd (RCFL) and Reliance Home Finance Ltd (RHFL), and Yes Bank. The CBI said the deals also involved companies owned by Bindu Kapoor, wife of former Yes Bank chief Rana Kapoor, and his daughters, Radha Kapoor and Roshni Kapoor.
Role of Anil Ambani
According to investigators, Anil Ambani was Chairman of the Anil Dhirubhai Ambani (ADA) Group and Director of Reliance Capital Ltd, the holding company of RCFL and RHFL. The CBI has alleged that these firms engaged in questionable financial transactions with Yes Bank and linked entities, causing losses to the bank.
Rana Kapoor connection
Rana Kapoor, the former Managing Director and CEO of Yes Bank, is already facing multiple cases of corruption and financial irregularities. The latest chargesheets deepen scrutiny of his family’s business ties, particularly those involving his wife and daughters.
Ongoing probe
The CBI’s action marks a significant step in its investigation into corporate-banking nexus cases. Further hearings are expected as courts review the detailed chargesheets.