CBI arrests ex-Reliance Finance CEOs in ₹7,623 crore fraud

The CBI has arrested former Reliance Commercial Finance CEO Devang Mody and former Reliance Home Finance CEO Ravindra Sudhalkar in separate bank fraud cases. The agency alleges the two companies caused losses of ₹7,623 crore to multiple public sector banks. RCFL is accused of causing losses of ₹4,097 crore, while RHFL allegedly caused losses of ₹3,526 crore.