Ex-CFO of RCap, Amit Bapna, held in connection with ADAG probe

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The Central Bureau of Investigation (CBI) has apprehended Amit Bapna, former CFO of Reliance Capital Ltd, in connection with the Reliance ADA Group probe. Investigators allege Bapna, who managed the company’s finances from 2014 to 2019, approved loans to intermediary firms despite knowing it violated RBI guidelines. He was already in judicial custody with the Enforcement Directorate.

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Ex-CFO of RCap, Amit Bapna, held in connection with ADAG probe

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