CBI Files Case Against Jai Anmol Ambani In ₹228 Crore Fraud
The Central Bureau of Investigation has registered a criminal case against Jai Anmol Ambani, son of industrialist Anil Ambani, over an alleged ₹228 crore banking fraud. The case also names Reliance Home Finance Ltd and a former company director. The complaint was filed by Union Bank of India, which reported financial losses linked to credit facilities given to the company.
Allegations of diversion and non-repayment
According to the bank’s complaint, funds were taken under supply-chain finance limits but were not repaid as per the agreement. The account was later declared a non-performing asset. A forensic audit reportedly pointed to diversion of borrowed money and improper routing of transactions, leading to breach of trust.
Searches at offices and homes
After registering the FIR, CBI teams searched two company offices and residential properties linked to those named in the case. Officials seized documents and digital records for examination. The agency has started reviewing loan files, approvals and financial statements.
First case against Jai Anmol Ambani
This is the first time that Jai Anmol Ambani has been formally named in a criminal investigation. The matter is part of wider scrutiny of past dealings of companies connected to the group. The case may have implications for corporate governance and loan recovery efforts by banks.
