The Central Bureau of Investigation (CBI) has arrested Amit Bapna, a former CFO of Reliance Capital Ltd, in connection with its probe into cases related to the Reliance ADA Group. Both outlets report that the CBI treats Bapna as a key financial decision-maker during his tenure at Reliance Capital. The allegations focus on approvals and financial decisions made by Bapna involving loans extended to intermediary firms. According to the reports, the CBI claims that these loan approvals were made despite the alleged knowledge that the arrangements breached Reserve Bank of India (RBI) guidelines. The investigations described in the coverage also state that funds were routed to various entities within the Reliance group and that banks incurred losses as part of the financial dealings being examined. In addition, the reports say that any benefits arising from these transactions accrued to the accused, as alleged by investigators. The CBI continues to pursue details of the transactions and the role played by Bapna as part of the broader probe into Reliance ADA Group-related matters.