New Delhi, Dec. 9 -- The Central Bureau of Investigation (CBI) has registered two separate cases against Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd. (RCFL), both part of the Reliance ADA Group, for allegedly defrauding Union Bank of India and Bank of Maharashtra to the tune of Rs 228.06 crore and Rs 57.47 crore, respectively.

According to the complaint received by the CBI, a written submission was made to the CBI alleging cheating, criminal conspiracy and criminal misconduct by M/s RHFL, Jai Anmol Anil Ambani, Anil Ambani's son and Ravindra Sudhalkar and other unknown persons, including unknown public servants. The allegations pertain to a wrongful loss of Rs 228.06 crore caused to Union Bank of India (erstwhil...