CBI Raids Anil Ambani–Linked Sites in Fraud Case
The Central Bureau of Investigation (CBI) has filed a First Information Report (FIR) in connection with an alleged ₹2,000 crore bank fraud involving Reliance Communications (RCOM) and its former chairman, industrialist Anil Ambani. Following the FIR, the agency carried out raids at six premises in Mumbai linked to Ambani and the company.
SBI’s Fraud Allegation
The case stems from a complaint by the State Bank of India (SBI), which had classified RCOM’s loan account as fraudulent on June 13, 2025. The bank alleged irregularities in the use of funds and flagged suspicious transactions routed across multiple group entities. SBI claimed these movements raised red flags under Reserve Bank of India’s fraud monitoring framework.
Focus of Raids
According to officials, the raids were aimed at securing key financial documents and digital records that may establish how loan proceeds were diverted. The investigation will seek to determine whether funds were misused in violation of loan terms and to identify the beneficiaries of the alleged fraud.
Wider Investigations Ongoing
The action by the CBI follows earlier scrutiny from the Enforcement Directorate (ED), which has been probing related money laundering allegations worth over ₹17,000 crore involving Ambani’s group companies. The latest CBI intervention adds to the growing legal challenges facing the industrialist and underscores intensifying action against corporate fraud.
Legal Implications
If charges are substantiated, the case could result in significant penalties and long-term disqualifications for those involved. The CBI is expected to continue gathering evidence before moving to the next stage of prosecution.
