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₹2,929 Cr Loan Fraud: Anil Ambani Faces Second Round of CBI Questioning
CBI: The CBI is questioning Anil Ambani for the second consecutive day in connection with an alleged bank fraud case. The case, filed on a complaint by the State Bank of India (SBI), alleges misuse and diversion of loan funds between 2013 and 2017, resulting in losses of thousands of crores to several banks.
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.
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