The Central Bureau of Investigation has registered a case against Anil Ambani under Sections 420 and 120B of the IPC based on a complaint by Punjab National Bank Chief Manager Santoshkrishna Annavarpu.
According to the FIR, Ambani and former officials of Reliance Communications allegedly defrauded PNB of ₹1,085 crore between 2013 and 2017.
The bank has alleged that the company took the loan with no intention of repayment and deliberately diverted the funds, amounting to fraud and criminal breach of trust.
The FIR names Reliance Communications, Anil Ambani, Majari Kacker, and other unidentified persons.