Anil Ambani
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The Central Bureau of Investigation (CBI) on Thursday questioned industrialist Anil Ambani in connection with an alleged ₹2,929 crore cheating case involving Reliance Communications, officials said.
Ambani appeared at the agency’s headquarters, in the morning, for examination in the case that stems from a complaint filed by State Bank of India.
The CBI has alleged diversion and misappropriation of loan funds, along with other irregularities, in credit facilities extended by the bank to the company.
In a statement, Ambani’s spokesperson said he would appear before the agency in Delhi on March 19 and 20 “for examination in connection with the FIR registered on the basis of a complaint filed by the State Bank of India.”
“The appearance is in furtherance of Ambani’s commitment to extend full cooperation with all agencies,” the statement added.
The CBI had registered the case in August last year, alleging that Ambani and the company defrauded SBI of ₹2,929.05 crore.
According to the SBI complaint, now part of the FIR, Reliance Communications had outstanding dues exceeding ₹40,000 crore to multiple lenders, with SBI alone incurring a loss of ₹2,929.05 crore, based on 2018 figures.
The agency has booked Ambani and the company on charges of criminal conspiracy, cheating and criminal breach of trust. “It is alleged that the accused, in criminal conspiracy, misrepresented facts to secure credit facilities from SBI in favour of Reliance Communications Ltd,” a CBI spokesperson said earlier.
denies allegations
Ambani has denied all allegations. “Anil D Ambani denies all allegations and charges, and will duly defend himself,” the spokesperson said.
Sources said the agency had also conducted searches at Ambani’s Mumbai residence, ‘Sea Wind’, located at Cuffe Parade.
The spokesperson further noted that the SBI complaint pertains to matters over a decade old, and that Ambani was a non-executive director at the time, with no role in day-to-day operations.
“The matter remains sub judice before the NCLT and other judicial forums, including the Supreme Court, for the past six years,” the statement said, adding that Ambani has challenged SBI’s declaration before the appropriate legal forum.
Anil Ambani, however, has not appeared before the Enforcement Directorate (ED) despite being summoned in connection with a money laundering probe under the Prevention of Money Laundering Act (PMLA).
Published on March 19, 2026
