Bombay HC Grants Bail To Ex-Reliance Communications Executive In Alleged ₹618 Crore Bank Fraud Case
Mumbai, September 1, 2026: The Bombay High Court has granted bail to a former senior executive of the Reliance Communications group, observing that the allegations against him were “generic” and that the CBI had not prima facie shown any specific overt act linking him to the alleged bank fraud. Former Executive Granted Bail Justice Milind Jadhav granted bail to Vishwanath Rao, 67, who was…
Mumbai, September 1, 2026 - The Bombay High Court has granted bail to a former Reliance Communications executive accused in a bank fraud case, despite allegations of misrepresentation and diversion of funds. Justice Milind Jadhav ruled that the CBI had not shown sufficient evidence to link former Executive Vishwanath Rao, 67, to the alleged ₹618 crore loss.
The court emphasized that no direct evidence of Rao's involvement in the fraudulent transactions was presented, and that the prosecution must provide specific details of his role, knowledge, and motive. Rao, who was arrested in April 2026, was granted bail on a personal bond of ₹1 lakh with sureties, and must comply with conditions including monthly reporting to the investigating officer, cooperation in the trial, and prohibition on influencing witnesses.
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