# The probe pertains to an alleged bank loan fraud perpetrated through Anil Ambani group companies.

*business · news · 2026-04-16 · Daily Excelsior*

## Key points

- Amitabh Jhunjhunwala and Amit Bapna both left the Reliance Group by December 2019.
- ED's probe targets bank loan fraud via Reliance Home Finance and Reliance Commercial Finance shell companies.
- Both executives, now arrested, have had no association with Reliance Group since leaving in 2019.
- The ED money laundering case arises from CBI FIRs involving Anil Ambani group entities.

**Companies:** Reliance Group, Reliance Power, Reliance Home Finance Limited, Reliance Commercial Finance Ltd, Reliance Capital, Reliance Infrastructure
**Countries:** India

[Read the full story on Daily Excelsior](https://www.dailyexcelsior.com/amitabh-jhunjhunwala-had-no-association-with-reliance-group-after-2019-rpower-after-ed-arrest/)

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