NEW DELHI: (May 9) : Central Bureau of Investigation conducted searches at 17 premises in Mumbai in connection with three cases registered against Reliance Telecom Limited, Reliance Commercial Finance Limited and Reliance Home Finance Limited.
According to officials, the searches were carried out at the residences of company directors and at offices of intermediary firms allegedly used for diversion of bank funds.
A spokesperson for the CBI said the action is part of an ongoing investigation into the financial dealings of the companies and related entities.
No immediate response was issued by the companies regarding the searches.
