India's CBI arrests executives and conducts raids in multiple fraud investigations

The Central Bureau of Investigation (CBI) arrested Amit Bapna, a former chief financial officer of Reliance Capital, for facilitating loans that violated RBI guidelines and for diverting funds to Reliance group companies, leading to losses for public sector banks. In Karnataka, the CBI seized assets worth about ₹1.24 crore from bank lockers linked to a former senior manager of Bharat Earth Movers Limited, strengthening a disproportionate‑assets case that now estimates the accused’s illicit holdings at roughly ₹2.45 crore. The agency also detained two alleged masterminds behind a leak of the South Western Railway's 2022 recruitment exam paper, accusing them of criminal conspiracy and cheating. Additionally, coordinated searches were carried out in Maharashtra and Gujarat targeting two separate bank‑fraud schemes that together caused an alleged wrongful loss of over ₹231 crore to State Bank of India and Canara Bank, with seized documents and digital evidence examined for further action.