CBI Questions Anil Ambani in Reliance Fraud Probe

New Delhi – The Central Bureau of Investigation has intensified its probe into alleged bank frauds linked to the Reliance ADA Group, questioning industrialist Anil Ambani and several top executives over the past week in cases involving losses exceeding Rs 9,000 crore to public sector lenders.

On March 21, officials said, the agency examined two former group managing directors, Gautam Doshi and Sateesh Seth, at its headquarters here in connection with a Rs 2,929.05 crore fraud case against Reliance Communications Ltd. and Anil Ambani. The case, registered on August 21, 2025, following a complaint from the State Bank of India, accuses the company, Ambani, and unidentified public servants of criminal conspiracy, cheating, and breach of trust. Investigators allege that loan funds sanctioned between 2013 and 2017 were diverted and misutilized through interlinked transactions among group entities, causing wrongful loss to the bank from its exposure of over Rs 19,000 crore in a consortium of 17 lenders.

Earlier in the week, on March 18, another former managing director, Amitabh Jhunjhunwala, appeared for questioning in the same matter. Ambani himself underwent interrogation for nearly...