The Central Bureau of Investigation (CBI) has registered a criminal case against Reliance Commercial Finance Ltd. (RCFL), a company of the Reliance ADA Group, in connection with a bank fraud worth Rs 57.47 crore. The case names the company’s promoters, directors, and unknown bank officials, an official statement said.

The action follows a complaint filed by the Bank of Maharashtra, which alleged criminal conspiracy, cheating, and misconduct that resulted in a wrongful loss to the bank.