New Delhi, March 19 – The CBI questioned Amit Dangi, a top executive of Authum Investment & Infrastructure Ltd., on Thursday in connection with the Rs 57.47 crore bank fraud case involving Reliance Commercial Finance Ltd.
Dangi is a full-time director at Authum Investment & Infrastructure Ltd., which has taken over the assets of Reliance Commercial Finance Ltd. and Reliance Home Finance Ltd., which are under investigation.
The CBI had summoned Amit Dangi for questioning on Thursday at its headquarters here. He appeared before the investigating officer at the CBI headquarters and was examined for about seven hours, according to an official statement.
The CBI registered a case against Reliance Commercial Finance Ltd. on December 6, 2025, in the Rs 57.47 crore bank fraud case. The accused include Reliance Commercial Finance Ltd., Devang Pravin Mody, Ravindra Somayajula Rao, and others, including unknown public servants. The case was based on a complaint dated November 11, 2025, from the Bank of Maharashtra (BoM), alleging wrongful loss of Rs 57.47 crore to the bank.
The complaint from the Bank of Maharashtra is based on the forensic audit report. The forensic audit report has indicated large-scale diversion of funds. There are 31 banks/financial institutions (including 13 public sector banks) in the consortium with an exposure of Rs 4,097 crore, the statement said.
Following the complaint from the Bank of Maharashtra, the Punjab National Bank has also filed a complaint. The total exposure of the Bank of Maharashtra and the Punjab National Bank is Rs 302.38 crore, the statement said.
The CBI obtained search warrants from the court of the Special Judge for CBI cases in Mumbai and conducted searches at the official premises of Reliance Commercial Finance Ltd. and at Mody's residential premises in Mumbai and Pune on December 9, 2025. Several incriminating documents were seized during the searches, the statement added.
