The Central Bureau of Investigation (CBI) filed a charge sheet on Thursday (September 18, 2025) against Anil Ambani and others over alleged fraudulent transactions between the industrialist’s group companies — Reliance Commercial Finance Limited (RCFL) and Reliance Home Finance Limited (RHFL), Yes Bank and firms of the bank’s former CEO Rana Kapoor’s family — causing a loss of ₹2,796 crore to the bank, officials said.

In its charge sheet filed before a special court in Mumbai, the federal agency has said Mr. Ambani is the chairman of the Anil Dhirubhai Ambani (ADA) Group and director of Reliance Capital Limited, the holding company of RCFL and RHFL.

No comments from the ADA group were immediately available.

Besides Mr. Ambani, the CBI has charged Mr. Rana Kapoor, Bindu Kapoor, Radha Kapoor, Roshni Kapoor, RCFL, RHFL (now Authum Investment and Infrastructure Limited), and, among others, RAB Enterprises Private Limited, Imagine Estate Private Limited, Bliss House Private Limited, Imagine Habitat Private Limited, Imagine Residence Private Limited and Morgan Credits Private Limited under sections of the Prevention of Corruption Act and Indian Penal Code (IPC).

The CBI registered two cases in 2022 against Mr. Rana Kapoor, the then managing director and CEO of Yes Bank, RCFL and RHFL on a complaint from the bank’s chief vigilance officer.

“Yes Bank invested around ₹2,045 crore in non-convertible debentures and commercial debts of RCFL and ₹2,965 crore in non-convertible debentures and commercial papers of RHFL in the year 2017 on the approval of Rana Kapoor despite CARE Ratings placing ADA Group financial companies ‘under watch’ in view of deteriorating financial standing and adverse market assessment,” a CBI spokesperson said in a statement.

The CBI findings have shown that funds, invested in RCFL and RHFL by the Yes Bank, were subsequently siphoned through multiple layers, demonstrating a systematic diversion of public money, the statement said.