After ED, CBI Raids Premises Linked To RCom, Registers FIR Against Anil Ambani

The Central Bureau of Investigation (CBI) raided premises linked to Reliance Communications (RCOM) on Saturday and its promoter Anil Ambani as well as filed an FIR in connection with an alleged large-scale bank fraud, officials said.

A CBI raiding team from Delhi carried out early Saturday morning searches at Ambani’s residence in Mumbai when Anil Ambani, his wife and their children were present.

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The raids were conducted as part of investigations into a case which involves an alleged fraud which resulted in a loss of Rs 2,000 crore to the State Bank of India (SBI).

It may be recalled that on August 5, the Enforcement Directorate (ED) had raided premises linked to Anil Ambani’s business operations and questioned Anil Ambani at ED’s Delhi office for nearly 10 hours, in a money laundering probe related to multiple bank loan frauds involving over Rs 17,000 crore.

The CBI raid came after a complaint by the State Bank of India (SBI), which classified the company and its promoter as ‘fraud’ on June 13. The classification was in line with RBI’s Master Directions on Fraud Risk Management and the bank’s own policy framework.

“On June 24, 2025, the bank reported classification of fraud to RBI, and is also in the process of lodging a complaint with CBI,” Minister of State for Finance Pankaj Chaudhary had informed the Lok Sabha in a written reply last month. SBI’s credit exposure to RCom includes a fund-based principal of Rs 2,227.64 crore, plus accrued interest since 26 August 2016, along with a non-fund-based bank guarantee of Rs 786.52 crore.

Presently, the Anil Ambani-led RCom is undergoing Corporate Insolvency Resolution under the Insolvency and Bankruptcy Code (IBC), with the resolution plan awaiting approval from the Mumbai branch of the National Company Law Tribunal (NCLT).

Incidentally, the SBI has also initiated a personal insolvency process under the IBC against Anil Ambani.