CBI Files Chargesheets Against Anil Ambani Group, Rana Kapoor’s Family Over Rs. 5,000 Crore Fraudulent Transactions

Mumbai: The Central Bureau of Investigation (CBI) has filed chargesheets in two criminal cases involving alleged fraudulent financial dealings between Anil Ambani’s group companies and Yes Bank, implicating former Yes Bank CEO Rana Kapoor and his family members. The chargesheets were submitted to a Mumbai court on September 18.

According to the investigation, Yes Bank, under Rana Kapoor’s approval, invested over Rs. 2,045 crore in non-convertible debentures and commercial debts of Reliance Commercial Finance Ltd (RCFL), and Rs. 2,965 crore in similar instruments of Reliance Home Finance Ltd (RHFL) in 2017. These investments were made even though Care Ratings had placed the Anil Dhirubhai Ambani (ADA) Group under watch due to financial vulnerabilities.

The CBI alleged that the funds were later siphoned off through multiple layers, pointing to a systematic diversion of public money. The probe highlighted a conspiracy between Rana Kapoor and Anil Ambani, with Kapoor allegedly abusing his position as CEO to channel massive public funds into the struggling ADA Group companies.

In return, the ADA Group reportedly facilitated concessional loans and investments for entities controlled by Rana Kapoor’s family, including his wife Bindu Kapoor and daughters Radha Kapoor and Roshni Kapoor. As part of the alleged quid pro quo, credit facilities were sanctioned from RCFL and RHFL at concessional rates for these loss-making family-controlled entities.