- CBI searched Anil Ambani’s residence and Reliance Communications offices in fraud case
- CBI registered a Rs 2,223.17 crore fraud case against Ambani and Reliance Communications
- Loan fraud involved Bank of Baroda, Vijaya Bank, and Dena Bank from 2013 to 2017
The Central Bureau of Investigation conducted searches at industrialist Anil Ambani's home and office in relation to the Reliance Communications Ltd. fraud case, according to an official press release by the authority on Thursday.
Earlier in the day, the CBI had registered a fresh case against Ambani and Reliance Communications, alleging a Rs 2,223.17 crore fraud on Bank of Baroda between 2013 and 2017.
"After registration of this case, CBI has conducted searches at the residence of Anil Ambani and the registered offices of M/s Reliance Communication Ltd. Various documents connected with this loan transactions have been recovered. Investigation is continuing," the press release underlined.
The other case that the CBI had registered against the businessman and his company was based on a complaint lodged by the SBI which was the lead bank of a consortium consisting of 11 banks.
However, the investigating agency pointed out that Bank of Baroda was not part of the said consortium. It further highlighted in the press release that this was a different loan availed by RCom from Bank of Baroda, the then Vijaya Bank and the then Dena Bank, both of which have now been merged with Bank of Baroda.
The development comes after action by the Enforcement Directorate. The central probe agency had issued fresh summons to the Reliance Group chairman, directing him to appear for questioning on Feb. 26, after he failed to attend a scheduled deposition last week, according to official sources.
Ambani had appeared before the Enforcement Directorate in Delhi earlier today.
ALSO READ: Anil Ambani Appears Before Enforcement Directorate Amid Probe Into Reliance Group Companies
FIR Based on Bank Complaint
According to the FIR, the agency received a complaint dated February 24, 2026, from Sudhakar Bhai Tripathi, Deputy General Manager at Bank of Baroda's Stressed Assets Management Branch in Mumbai.
The complaint alleges that Reliance Communications, along with Anil Ambani, unknown others and unknown public servants, cheated the bank and dishonestly induced it during the period 2013-17, resulting in a wrongful loss of Rs 2,223.17 crore.
The CBI has registered a Regular Case and assigned the probe to an Additional Superintendent of Police at its Banking Securities and Fraud Branch (BSFB) in Delhi.
Charges Invoked
The FIR cites offences under Sections 120B (criminal conspiracy) and 420 (cheating) of the Indian Penal Code, along with Section 13(2) read with 13(1)(d) of the Prevention of Corruption Act, 1988.
The agency said the complaint, which forms part of the FIR, prima facie discloses the commission of cognisable offences. The reference to "unknown public servants" indicates that the investigation may also examine the role of bank officials or other public functionaries in sanctioning or monitoring the loans.
Reliance Communications, once a major telecom operator, has been undergoing insolvency proceedings following mounting debt and operational challenges.
ALSO READ: After ED, CBI Registers Case Against Anil Ambani Over Rs 2,000 Crore Loan Default
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