CBI’s 8-Hour Interrogation of Anil Ambani in Rs 2929 Cr Banking Fraud

The CBI’s crackdown on corporate loan defaults intensified Thursday with an eight-hour interrogation of Anil Ambani in a Rs 2,929 crore bank fraud case linked to Reliance Communications. Arriving at the Delhi headquarters, Ambani faced detailed scrutiny over allegations of fund diversion, as per SBI’s complaint that triggered the August 2025 FIR.

Investigations reveal a pattern of intricate transactions from 2013 to 2017, misdirecting loans from 17 public banks totaling Rs 19,694 crore in exposure. Forensic reports pinpoint SBI’s Rs 2,929 crore loss, echoed by grievances from PNB, Union Bank, UCO Bank, and peers. Raids last August netted vital evidence from company sites and Ambani’s home, propelling the case forward.

Summoned back Friday, Ambani’s team emphasizes cooperation. A concurrent Rs 57.47 crore inquiry into Reliance Commercial Finance underscores broader issues within the group.

This high-profile action highlights regulators’ zero-tolerance stance on banking irregularities. With seized records and bank inputs, the CBI is poised to dismantle the fraud’s architecture, potentially leading to accountability measures that reverberate through India’s financial sector.