Corporate Finance #arrest#probe
Ex-CFO of Reliance Capital, Amit Bapna, Arrested in ADAG Probe by CBI
The Central Bureau of Investigation has arrested Amit Bapna, former chief financial officer of Reliance Capital Ltd, in connection with the ongoing probe into Reliance ADA Group cases. Bapna allegedly approved loans to intermediary companies despite knowing the lending violated RBI guidelines, leading to diversion of funds to group entities and wrongful loss to public sector banks.
Jul 8, 2026 1 source