CBI Questions Anil Ambani for 8 Hours in ₹2,929 Crore SBI Fraud Case

New Delhi, March 2026 : The Central Bureau of Investigation (CBI) on Thursday questioned Anil Ambani, Chairperson of the Reliance Group, for nearly eight hours in connection with an alleged ₹2,929 crore fraud case linked to Reliance Communications (RCom). The case stems from a complaint filed by the State Bank of India (SBI).

Officials said Ambani has been asked to appear again at the CBI headquarters on Friday for further questioning, indicating that the probe is ongoing and likely to deepen in the coming days.

The investigation was initiated after SBI alleged significant financial losses due to the alleged diversion and misappropriation of loan funds by RCom and its promoters. According to the bank, certain transactions undertaken by the company were in violation of the agreed loan terms. SBI had classified the loan account as “fraud” in June last year, which subsequently led to CBI searches at RCom offices as well as Ambani’s residence.

Alongside Ambani, Amit Dangi, whole-time Director at Authum Investment & Infrastructure Ltd., was also summoned and questioned for around seven hours. Authum Investment has taken over key assets of Reliance Commercial Finance Ltd. and Reliance Home Finance Ltd., both of which are under separate scrutiny by investigative agencies.

The legal battle surrounding the case has also reached the judiciary. In December, Ambani approached the Supreme Court of India after the Bombay High Court upheld SBI’s decision to classify the account as fraud. Ambani argued that certain crucial documents used as the basis for the classification were not initially shared with him and were provided only after a delay of six months, raising questions over procedural fairness.

Once a major player in India’s telecom sector, Reliance Communications has been undergoing insolvency proceedings after years of mounting debt and financial losses. The company’s decline has been one of the most high-profile cases of corporate distress in recent years.

The scrutiny around the Reliance Anil Dhirubhai Ambani Group has intensified further with parallel investigations. Just last week, Ambani’s son, Jai Anmol Ambani, was questioned by the CBI for two days in connection with a separate ₹228 crore alleged fraud case involving Reliance Home Finance Ltd. (RHFL).

In that case, the CBI has named Jai Anmol Ambani along with RHFL’s former CEO and ex-whole-time director, Ravindra Sudhalkar, and other unidentified individuals. The agency registered the case on December 6, 2025, following a complaint by the Union Bank of India, which alleged criminal conspiracy, cheating, and misconduct leading to a wrongful loss of over ₹228 crore.

As multiple investigations unfold, regulatory and legal pressure continues to mount on the group, with authorities examining financial transactions, loan practices, and corporate governance issues across several entities linked to the conglomerate.

(The content of this article is sourced from a news agency and has not been edited by the Mavericknews30 team.)