File photo of Anil Ambani. | Photo credit: Reuters
The Central Bureau of Investigation (CBI) on Friday (March 20, 2026) re-examined businessman Anil Ambani for the second consecutive day in connection with the Rs 2,929 crore bank “fraud” case registered against Reliance Communications Ltd. and to him on the complaint of the State Bank of India (SBI).
Mr Ambani’s statement was earlier recorded in the same case on Thursday (March 19, 2026). The agency had registered a first information report (FIR) in August 2025 against Reliance Communication Limited (RCom), its then director Mr Ambani and others for allegedly causing undue loss to SBI.
The CBI booked Ambani and RCom for allegedly committing the offenses of conspiracy, cheating and criminal breach of trust.
According to the FIR, the accused persons indulged in potential diversion of credit funds, inter-company credit transactions, misuse of sales invoice financing, discounting of RCom bills by Reliance Infratel Limited, movement of funds through inter-company deposits, write-off of advances given to Netizen Engineering Private Limited, a concern company and creation/write-off of fictitious debt of Reliance ADA Group, etc.
According to the complaint, the company owed an amount of more than ₹40,000 crore to various creditors.
Published – 20 March 2026 18:33 IST
