The bank in July 2017 had adjusted a fixed deposit of Rs 791 crore deposited by RFL toward the default on a loan made by RHC Holdings and Ranchem. This adjustment was disputed by Religare Finvest in the court. The FIR by Religare Finvest was registered on the basis of the internal probes and findings of regulatory authorities such as Sebi and the central bank.source https://economictimes.indiatimes.com/industry/banking/finance/banking/eow-arrests-two-officials-of-lakshmi-vilas-bank-for-misappropriation-of-religare-finvest-fds/articleshow/78318130.cms
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