September 20, 2025

MUMBAI: Hold your breath! The Central Bureau of Investigation (CBI) has slammed down a serious chargesheet against Anil Ambani, the head of the Anil Dhirubhai Ambani Group, along with Rana Kapoor, who co-founded Yes Bank, and Kapoor’s family including his wife Bindu and daughters Radha and Roshni Kapoor. Why? For a shocking fraud involving loan deals that cost Yes Bank a whopping Rs 2,797 crore! Here’s the spicy story: Under Rana Kapoor’s orders, Yes Bank invested a huge sum of money in debentures and commercial debt papers from Anil Ambani’s companies—Reliance Commercial Finance Ltd (RCFL) and Reliance Home Finance Ltd (RHFL). Sounds normal? Think again. A credit ratings agency had already put these companies “under watch” for poor financial health, but Kapoor gave the green light anyway! But wait—there’s more drama. The funds from these investments were allegedly siphoned off through many hidden layers. In return, the Kapoor family’s companies got massive loans from ADA Group’s companies—a clear case of “quid pro quo” as the CBI describes. The watchdog agency named the big players and their companies: Anil Ambani, Rana Kapoor, Bindu Kapoor, Radha Kapoor, Roshni Kapoor, RCFL, RHFL (now Authum Investment & Infrastructure Ltd), plus RAB Enterprises Pvt Ltd, Imagine Estate Pvt Ltd, Bliss House Pvt Ltd, Imagine Habitat Pvt Ltd, Imagine Residence Pvt Ltd, and Morgan Credits Pvt Ltd. This juicy case wasn’t a sudden discovery. The chief vigilance officer of Yes Bank had flagged this suspicious action in 2022. The CBI’s probing shows Yes Bank poured around Rs 2,045 crore into RCFL and Rs 2,965 crore into RHFL non-convertible debentures and commercial papers. Despite Care Ratings warning about ADA Group’s worsening financial condition, Kapoor went ahead and approved the investments. What’s more, Anil Ambani served as chairman of ADA Group and was a director at Reliance Capital Ltd—the parent company of RCFL and RHFL. The investigation reveals a strong conspiracy between Rana Kapoor and Anil Ambani. The CBI says Kapoor’s “loss-making family entities” owned by his wife and daughters got sweet credit at concessional rates from ADA companies, thanks to this arrangement. The result? Yes Bank suffered a jaw-dropping wrongful loss of Rs 2,797 crore while the ADA Group and Kapoor’s family companies saw unlawful gains. Another twist: Reliance Nippon Mutual Funds, guided by Anil Ambani, invested Rs 1,160 crore in Morgan Credits Pvt Ltd, a company owned by Kapoor’s family, during 2017-18. This blockbuster case is just one part of broader investigations as CBI cracks down on financial scams affecting Yes Bank, also looking into frauds by other big names like DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan. Stay tuned for more updates on this financial thriller!

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Tags: Cbi chargesheet, Anil ambani, Rana kapoor, Yes bank fraud, Loan scam, Ada group,