Anil Ambani’s troubles just got bigger. After the Enforcement Directorate (ED), the Central Bureau of Investigation (CBI) has now stepped in, conducting searches at properties linked to the Reliance Group chairman in connection with a massive bank fraud case worth ₹2,000 crore.
The CBI team, consisting of 7–8 officers, began raiding Anil Ambani’s Mumbai residence early in the morning at around 7 am.
Action Triggered by SBI Complaint
The raids were carried out following a complaint filed by the State Bank of India (SBI). The bank had reported the matter to the CBI on June 13 after classifying certain loans as “fraud.” The move was in line with the RBI’s master guidelines on fraud risk management as well as SBI’s own fraud detection and reporting policy approved by its board.
What the CBI Is Looking For
According to sources, investigators are searching for key documents related to loans taken by companies tied to Anil Ambani. A major focus of the probe is the financial dealings between Yes Bank and Reliance Group entities.
ED’s Earlier Crackdown
This isn’t the first time Anil Ambani has faced heat from agencies. On August 5, the ED had summoned him for questioning in a separate investigation linked to an alleged ₹17,000 crore loan fraud.
Just days earlier, on July 24, the ED had raided 50 companies and 25 individuals associated with the Reliance Group across at least 35 locations in Mumbai. During its investigation, the agency flagged several irregularities — including loans given without proper verification, multiple firms with the same director and address, missing documents in loan files, shell companies being used to secure loans, and fresh loans being taken just to repay old ones.
RCom’s Bankruptcy Battle
Meanwhile, Reliance Communications (RCom), once a flagship company of Anil Ambani, has been going through insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. The resolution plan was approved by the committee of creditors back in March 2020 and submitted to the National Company Law Tribunal (NCLT) in Mumbai. Final approval from the NCLT is still pending.
