CBI Files Case Against Reliance Communications Over ₹2,000 Crore Bank Fraud
The Central Bureau of Investigation (CBI) has registered a case against Reliance Communications (RCOM) and begun searches at its premises on Saturday. This action is part of an investigation into an alleged bank fraud that reportedly caused a loss of over ₹2,000 crore to the State Bank of India (SBI). The searches are also being conducted at locations linked to Anil Ambani, the Promoter Director of RCOM, according to officials.
Fraud Classification And Investigation Details
The fraud was officially classified on June 13, 2025, as per the Reserve Bank of India’s (RBI) Master Directions on Fraud Risk Management and the bank’s Board-approved policies on fraud classification, reporting, and management. The Ministry of Finance, through Minister of State Pankaj Chaudhary, mentioned in a written reply in the Lok Sabha last month that the bank had formally reported the fraud to the RBI on June 24, 2025. The bank is also in the process of lodging a formal complaint with the CBI.
This ongoing investigation highlights the increasing scrutiny on financial irregularities and the enforcement actions taken by Indian authorities to protect public sector banks and maintain financial discipline. The CBI’s search and probe at RCOM’s premises are expected to continue in the coming days.
CBI Targets Anil Ambani in ₹2,000 Crore Reliance Communications Bank Fraud
The Reliance Communications case is not just another corporate fraud investigation, but a high profile case and complex one, with names of one of India richest and most influential Indians. This is yet another legal and financial case that Anil Ambani has been tangled in, being a once business magnate who has been on the brink of such cases numerous times in the past. Anil has also been dogged by unrelenting debts and a slew of financial reverses unlike his elder brother, Mukesh Ambani, the head of Reliance Industries and ranked since 2007 as perennially the richest Indian. Nevertheless, he has never successfully succeeded in acquitting himself of all his controversy ideally, despite his background research before now
(With Inputs From PTI)
Also Read: Anil Ambani’s Fraud Tag Reloaded: Reliance Communications’ Never-Ending Financial Drama
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