CBI filed a case against Reliance Communications and its promoter director Anil Ambani £2,000 crore for the state bank of India, officials said on Saturday.
The agency carries out the search in the Analy Ambani Residence and the RCOM space in connection with the case, they said.
The CBI accepted the action on the basis of a complaint from the L lender of India, which approached the agency after the entities were classified as fraud on June 13 in accordance with the main instructions of RBI risk management and council policy approved by the bank of classification, reporting and management.
“On June 24, 2025, the bank announced the classification of fraud of RBI and also in the process of filing a complaint with CBI,” Finance Minister Panka Chaudhary said in Lok Sabha last month.
SBI credit exposure in RCOM includes, the main amount based on the fund £2 227.64 Crore along with accumulated interest and expenditure with effect from August 26, 2016 and a bank guarantee based on the fund £786.52 crore, he said.
RCOM is undergoing a process of solving the company insolvency solution under the Insolvency and Bankruptcy Act, 2016.
The plan of the resolution was approved by the creditors’ committee and filed in the National Company Law Tribunal (NCLT) in Mumbai 6 March 2020.
NCLT approval is expected.
The bank also launched a process of personal insolvency solution within IBC against Anil D Ambani and heard it NCLT in Mumbai, he said.
Also read | Anil Ambani says SBI slapped “scam” on RCOM LOAN ACCT without hearing it
SBI classified the account and promoter Anil D ambani as “fraud” on November 10, 2020 and filed a complaint on CBI 5 January 2021.
However, the Minister stated that the complaint was returned with regard to the “Status quo” order of 6 January 2021 by the Delhi High Court.
Meanwhile, the judgment of the Supreme Court of 27 March 2023 at the state bank of India and other VS Rajesh Agarwal and another case ordered the creditors to provide debtors with the opportunity to represent their accounts as fraud before classifying their accounts.
The Minister said the bank’s classification was perverted by the bank on 2 September 2023.
The fraud classification process was re -launched and the account was again classified as “fraud” after compliance with the proper process according to the RBI circle of 15 July 2024.
More details are expected.
(Tagstotranslate) Anil ambani
