the only conductor in that cable bundle that could supply the source current would have to be the cable shield.
I think this is where the confusion lies, as no positive voltage needs to get sent out of the M/C logic pcb to drive relays. Their 12v source comes from the channel pcb's. The logic pcb only serves to sink cv so to disengage relays, and both 12v and 5v sources eventually share dcom bus.
I do see your point about proper EMI practice.

Unfortunately don't know of any other way to satisfy it except to possibly take the cv return going into logic pcb (racked under desk) back out of rack to relay sub-pcbs.
As is, the plan was to join the four logic pcb dcom's together within the rack, and then send it over one cable back to the dcom bus bar at the end of the desk.
Mostly a redraw, but hope it clarifies:

One of the relays at the front of channel / group pcb's:
