20 March,2026 01:06 PM IST | New Delhi | mid-day online correspondent
Anil Ambani arrives at the CBI headquarters in New Delhi for questioning in an alleged bank fraud case linked to Reliance Communications. PIC/ PTI
Anil Ambani on Friday appeared before the Central Bureau of Investigation (CBI) headquarters in New Delhi for the second consecutive day of questioning in connection with the Rs 2,929.05 crore alleged bank fraud case linked to Reliance Communications, reported ANI.
The development follows the registration of an FIR based on a complaint lodged by the State Bank of India (SBI).
Ambani had also appeared before the investigating officer on Thursday, during which he was questioned for nearly eight hours, according to an official statement.
According to ANI, the criminal case was registered against Reliance Communications Limited, Anil Ambani, and others, including unknown public servants, based on a complaint dated August 18, 2025, received from SBI, the lead bank in a consortium of 11 banks. These include Bank of India, Central Bank of India, UCO Bank, Union Bank of India, Corporation Bank, Canara Bank, Syndicate Bank, Indian Overseas Bank, IDBI Bank Limited, and Oriental Bank of Commerce.
The complaint is based on a forensic audit report that alleges large-scale diversion and misutilisation of loan funds through interlinked and circuitous transactions among group entities during 2013-17. This allegedly resulted in a wrongful loss of Rs 2,929.05 crore to SBI, out of a total exposure of Rs 19,694.33 crore involving 17 public sector banks.
According to the probe agency, following the registration of the case, separate complaints were also received from Punjab National Bank, Bank of India, Union Bank of India, UCO Bank, Central Bank of India, IDBI Bank, and Bank of Maharashtra.
Additionally, another case was registered against Reliance Communications Limited, Anil Ambani, and others, including unknown public servants, on February 25, based on a complaint dated February 24 received from Bank of Baroda, which includes exposure from Dena Bank and Vijaya Bank, reported ANI.
A separate case was also registered on March 5 against Reliance Communications Limited, its directors including Anil Ambani and Manjari Ashok Kacker, and others, including unknown public servants, based on a complaint dated February 2 received from Punjab National Bank, which includes exposure from United Bank of India.
The press release stated that the CBI obtained search warrants from a special court in Mumbai and conducted searches on August 23, 2025, at two official premises of Reliance Communications Limited and the residential premises of Anil Ambani. Several incriminating documents were seized during the searches.
(With ANI inputs)
