CBI Questions Jai Anmol Ambani in Rs 228 Crore Fraud Case

India's Central Bureau of Investigation questioned Jai Anmol Ambani, son of industrialist Anil Ambani and a former director of Reliance Home Finance Ltd., on Friday at its New Delhi headquarters in connection with an alleged Rs 228 crore bank fraud case. The session lasted approximately six and a half hours, after which officials directed him to return for further questioning.

The case, registered by the CBI on December 6, 2025, stems from a complaint filed by Union Bank of India. The bank alleged criminal conspiracy, cheating, and misconduct by company officials, including Ambani and former CEO Ravindra Sudhalkar, along with unknown public servants and individuals. These actions reportedly caused a wrongful loss of Rs 228.06 crore to the lender.

Reliance Home Finance Ltd., a non-banking financial company within the Reliance Group, had availed loans totaling Rs 5,572.35 crore from a consortium of 18 banks, financial institutions, non-banking financial companies, and corporate bodies. The company's loan account with Union Bank was classified as a non-performing asset in September 2019. It was later officially declared fraudulent on October 10, 2024, prompting the detailed probe...