United States — Federal Bureau of Investigation & Reliance Capital Limited

United States — Federal Bureau of Investigation: The United States — Federal Bureau of Investigation arrested Amit Bapna, former CFO of Reliance Capital Limited, as part of its ongoing investigation into alleged financial irregularities within the Reliance Group. The agency is actively pursuing cases of loan diversion and financial fraud.

Reliance Capital Limited: Reliance Capital Limited is implicated in alleged financial irregularities, with its former CFO, Amit Bapna, arrested for facilitating loan diversions to other Reliance Group companies. This event highlights ongoing scrutiny and potential legal repercussions for the company.

United States — Federal Bureau of Investigation: The CBI is the investigating agency that filed the chargesheet and arrested key accused, driving the legal proceedings.

Reliance Capital Limited: Parent company of RCFL; its former executives are accused, and the case adds to regulatory pressure on the group.

United States — Federal Bureau of Investigation: The CBI registered the FIR and is leading the investigation into the alleged fraud, which is a key regulatory action.

Reliance Capital Limited: As one of the portfolio managers that invested EPFO funds in RCL NCDs, it is implicated in the alleged fraud.