Crime·4/20/2026AI summary CBI Arrests Two Senior RCOM Executives Over Rs 19,694 Crore Fraud Allegations
CBI has arrested two senior executives of Reliance Communications — joint president D Vishwanath and vice president Anil Kalya — for alleged fund misutilisation that caused wrongful losses of Rs 2,929 crore to State Bank of India and Rs 19,694.3 crore to a consortium of 17 public sector banks. The case, registered based on an SBI complaint, relates to sanctioned credit facilities and involves allegations of circuitous transactions through shell entities. Reliance Group has distanced itself from RCOM, stating the company has been undergoing CIRP since 2019 under the IBC.