CBI files case against RCom, Ambani for Rs 2,000 crore fraud

The Central Bureau of Investigation has registered a criminal case against Reliance Communications and its promoter Anil Ambani after a complaint from the State Bank of India alleging fraud that allegedly caused more than Rs 2,000 crore of losses. CBI teams conducted searches at Ambani’s south Mumbai residence and at Reliance Communications premises as part of the inquiry, according to officials familiar with the operation. The agency said the case relates to alleged misappropriation and diversion of bank funds, with the banks’ complaint triggering the investigation.

The development follows a broader sequence of actions by lenders and regulators that have tied the fortunes of Reliance Communications (RCom) to the Ambani family’s business group for years. The RBI-based framework on fraud risk management and a banks’ policy for classification and reporting have governed how banks classify and pursue cases of suspected fraud. The bank had earlier classified RCom and Anil Ambani as fraud in June 2025 and said it would file a complaint with the CBI. In Parliament, a senior finance ministry official confirmed that the case has been referred to the CBI and noted the ongoing personal...