CBI Nabs Two Senior Executives of Reliance Communications in Rs 2,929.05 Crore Bank Fraud

The Central Bureau of Investigation (CBI) has recently uncovered information about the arrest of two Senior Executives named D. Vishwanath and Anil Kalya of Reliance Communications (R. Com) through its press release dated April 20, 2026.

Anil D. Ambani had founded the disputed company, which is a part of the Reliance Group. A regular case was registered against the company (Reliance Communications Limited), Anil D. Ambani, and unknown others by the CBI, following a complaint filed by the State Bank of India (SBI). The bank disclosed that it had sanctioned credit facilities to the accused company; however, it suffered a wrongful loss of approximately Rs 2,929.05 crore due to the accused borrowers since they were engaged in fraudulent activities.

As per the complaint filed, a total loss amounting to Rs 19,694.33 crore has been caused to 17 public sector banks / FIs. When the case was scrutinised, it was discovered that the accused company had entered into convoluted transactions using bogus firms. These fraudulent companies were operated by the officials of the accused company and had also received discounted Letters of Credit (LCs) opened for bogus service-related transactions with its group entities. These LCs were later not paid, which led to heavy losses for the banks.

The banking operations of the group were headed by D. Vishwanath, Joint President of M/s R. Com. Moreover, the ultra-consumption of money was carried out on his instructions only. For the aforementioned sanction of credit facilities to the accused company, he was coordinating with banks. D. Vishwanath, along with Anil Kalya, Vice President, were two key functionaries of the R. Com Group, managing corporate finance, banking operations, and payments/utilisation of funds. Vishwanath was significantly supported by Anil.

Presently, they have both been apprehended and produced before the jurisdictional court. Probe into the current matter is still ongoing. The CBI has recently filed seven cases against the Anil Ambani-led Reliance Group based on complaints from government banks and LIC. These cases involve fraud worth thousands of crores of rupees.