CBI Questions Anil Ambani for Hours in SBI-Linked Fraud Probe
NEW DELHI — The Central Bureau of Investigation (CBI) on Thursday questioned Reliance Group Chairman Anil Ambani for nearly eight hours in connection with an alleged Rs 2,929 crore fraud case linked to State Bank of India (SBI), officials said.
Ambani has been asked to appear again for further questioning at the agency’s office on Friday.
The investigation stems from a complaint filed by SBI, which alleged financial losses of Rs 2,929 crore due to suspected misappropriation involving Reliance Communications (RCom) and its promoter. The bank claimed that certain transactions violated the terms of loans extended to the company and subsequently classified the accounts as fraud in June last year.
Following the classification, the CBI conducted searches at RCom offices and Ambani’s residence as part of its probe.
In the same case, Amit Dangi, whole-time director at Authum Investment & Infrastructure Ltd., was also summoned and questioned for about seven hours. Authum Investment has since taken over assets of Reliance Commercial Finance Ltd. and Reliance Home Finance Ltd., both of which are under separate investigations.
Ambani had approached the Supreme Court in December after the Bombay High Court upheld SBI’s decision to initiate legal action. He argued that key documents used to classify the accounts as fraudulent were not initially provided to him and were only shared several months later.
Reliance Communications, once a major player in India’s telecom sector, has been undergoing insolvency proceedings after mounting debt and sustained financial losses.
The developments come amid a broader investigation involving other entities linked to the Reliance Anil Dhirubhai Ambani Group.
Last week, Ambani’s son, Jai Anmol Ambani, was questioned by the CBI over two days in connection with a separate Rs 228 crore alleged fraud involving Reliance Home Finance Ltd. He has been named in a case alongside the company’s former CEO and ex-whole-time director Ravindra Sudhalkar, among others.
The CBI registered that case on December 6, 2025, based on a complaint from Union Bank of India, which alleged criminal conspiracy, cheating, and misconduct leading to a wrongful loss of Rs 228.06 crore.
Officials said the broader investigation is ongoing, with multiple individuals and entities under scrutiny as authorities examine the flow of funds and potential violations of banking norms. (Source: IANS)
