CBI Files Case Against Anil Ambani for Alleged ₹2,223 Crore Bank Fraud
The Central Bureau of Investigation (CBI) has filed a new case against industrialist Anil Ambani and Reliance Communications Limited. The agency is investigating allegations of a ₹2,223.17 crore fraud involving Bank of Baroda that reportedly took place between 2013 and 2017.
This new criminal investigation follows recent actions by the Enforcement Directorate (ED). The CBI stepped in after receiving a formal complaint from the bank.
On February 26, Anil Ambani appeared before the Enforcement Directorate in Delhi for questioning. This appearance came after the Reliance Group chairman missed a previous scheduled deposition last week.
FIR Details Based on Bank Complaint
The investigation began after the CBI received a complaint on February 24, 2026, from a senior official at Bank of Baroda’s Stressed Assets Management Branch in Mumbai.
The complaint alleges that Reliance Communications, Anil Ambani, and other unidentified individuals including public servants cheated the bank. It claims they dishonestly convinced the bank to provide funds during the 2013 to 2017 period, leading to a loss of over ₹2,223 crore.
The CBI has officially registered a Regular Case. The investigation is now being led by an Additional Superintendent of Police at the Banking Securities and Fraud Branch (BSFB) in Delhi.
Legal Charges and Scope of the Probe
The FIR includes several serious charges under the Indian Penal Code and the Prevention of Corruption Act:
- Criminal Conspiracy (Section 120B)
- Cheating (Section 420)
- Criminal Misconduct by Public Servants (Sections 13(2) and 13(1)(d))
The mention of “unknown public servants” suggests that the CBI will investigate whether bank officials or other government authorities played a role in approving or overseeing these loans.
Background on Reliance Communications
Reliance Communications was once a leading telecom provider in India. However, it has been facing insolvency proceedings for some time due to massive debt and operational struggles.
With the CBI and the Enforcement Directorate now both active in the case, the investigation will focus on how the loans were approved, how the money was used, and whether funds were illegally diverted.
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