Pursuant to Reg. 30 - Disclosure regarding CBI conducted a search and seizure operation on 09.05.2026 at residence of erstwhile director of Reliance Telecom Limited.
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CBI officials conducted a search and seizure operation on May 9, 2026 at the residence of Smt. Grace Thomas, a Non-Executive Non-Independent Director of Reliance Communications and former director of Reliance Telecom Limited (RTL), a wholly owned subsidiary. During the operation, officials seized personal documents, a copy of the forensic audit report of RCOM, Reliance Infratel Limited, and RTL prepared by BDO India LLP, along with RTL's account records and income tax computations. The search was carried out under criminal case RC0742026E0003, invoking Section 120-B and 420 of the IPC (criminal conspiracy and cheating) and Section 13(2) r/w 13(1)(d) of the Prevention of Corruption Act, 1988. The company stated it expects no financial or operational impact and continues to operate normally.
The search is linked to alleged criminal conduct including cheating and corruption during the tenure of the director at RTL, and while the company expects no operational impact, the involvement of a forensic audit report and criminal charges could signal further regulatory or legal developments. RCOM is already under corporate insolvency resolution, adding complexity to any shareholder recovery prospects.