India, June 23 -- The Central Bureau of Investigation (CBI) has arrested two former chief executive officers (CEOs) of two companies under the Reliance Anil Dhirubhai Ambani (ADA) Group in connection with ongoing corruption cases, the agency said on Monday.

Among the arrested executives, former director and CEO of Reliance Commercial Finance Limited (RCFL) Devang Mody had caused a loss of Rs.4,097 crore to 13 public sector banks (PSBs), while former executive director and CEO of Reliance Home Finance Limited (RHFL) Ravindra Sudhalkar had caused a loss of Rs.3,526 crore to 10 PSBs, the statement released by the CBI said.

According to the statement, Mody was the CEO of RCFL from April 2017 till December 2018, while Sudhalkar was the CEO o...