CBI arrests two RCOM senior executives in financial institution fraud case | India Information
2 min learnNew DelhiApr 20, 2026 10:20 PM IST
The CBI has arrested two senior executives of Reliance Communications (RCOM) in reference to an alleged financial institution fraud case, the company mentioned on Monday.
In response to the CBI, the arrested have been recognized as Joint President D Vishwanath and Vice President Anil Kalya.
The company had registered a case following a criticism by SBI, accusing RCOM, its promoter Anil Ambani, and others of fraudulent diversion of mortgage funds. SBI suffered round Rs 2,929 crore losses, whereas the whole publicity of 17 public sector banks and monetary establishments is estimated at Rs 19,694 crore, in accordance with CBI.
“Probe has revealed that RCOM Ltd entered into circuitous transactions by means of shell entities managed by firm’s officers and in addition obtained discounted LCs opened for bogus service-related transactions with its group entities, which obtained devolved inflicting enormous loss to the banks,” a CBI spokesperson mentioned in an announcement.
The spokesperson mentioned that Vishwanath “was general in-charge of banking operations of the group and on his instructions the mis-utilization of funds had been carried out. He was in coordination with banks for sanction and disbursal of amenities to the accused firm.”
Anil Kalya, the spokesperson mentioned, “had actively supported Vishwanth and these two had been essential functionaries of the RCOM Group managing company finance, banking operations, funds/utilisation of funds and so on”.
When contacted, a spokesperson for Reliance Group, mentioned, “D Vishwanath and Anil Kalya served as Chief Monetary Officer (CFO) and Vice President (Accounts and Finance), respectively, at Reliance Communications (RCOM) after the corporate was admitted into the Company Insolvency Decision Course of in 2019.”
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“RCOM operates underneath the supervision of Decision Skilled, Anish Nanavaty, who was appointed by the Committee of Collectors led by the SBI, with Deloitte appearing as advisor. Reliance Communications is not a part of the Reliance Group as the corporate has been present process CIRP since 2019 underneath IBC, 2016, and has remained within the decision course of for almost seven years, with proceedings nonetheless pending in 2026,” it mentioned.
“Anil D Ambani served as a non-executive director on the board of RCOM and stepped down from this place in 2019. He was not concerned within the day-to-day operations of the corporate,” it added.
