₹2,929 Cr Loan Fraud: Anil Ambani Faces Second Round of CBI Questioning

Industrialist Anil Ambani arrived at the CBI headquarters today for the second consecutive day of interrogation in the case of the alleged bank fraud of 2,929.05 crores. Yesterday, Anil Ambani appeared before the investigating officer. He was interrogated for nearly eight hours. 

The case is based on an FIR filed against Reliance Communications Limited (RCOM) and Anil Ambani, along with unknown persons. The FIR is based on a complaint by the State Bank of India (SBI), which is the lead bank of a group of 11 banks.

According to the complaint, large-scale misuse and manipulation of loan funds occurred between 2013 and 2017. The forensic audit report alleges that funds were diverted through complex and interconnected transactions between various group companies, resulting in a loss of ₹2,929.05 crore to SBI. The total exposure of 17 public sector banks is estimated to be ₹19,694.33 crore.

According to the CBI, separate complaints were subsequently received in this matter from several banks, including Punjab National Bank, Bank of India, Union Bank of India, UCO Bank, Central Bank of India, IDBI Bank, and Bank of Maharashtra.

In addition:
On February 25, a separate case was registered based on a complaint from Bank of Baroda (which includes exposure to Dena Bank and Vijaya Bank).

On March 5, a separate case was registered based on a complaint from Punjab National Bank (which includes exposure to United Bank of India).

The CBI, with a search warrant from a special court in Mumbai, raided two Reliance Communications offices and Anil Ambani's residence on August 23, 2025. Several important documents were seized during the raid, which are considered crucial to the investigation.