CBI Interrogates Jai Anmol Ambani in Major Bank Fraud Investigation
The Central Bureau of Investigation (CBI) conducted a significant interrogation session on Friday, questioning Jai Anmol Ambani, son of industrialist Anil Ambani, in connection with an alleged Rs 228 crore bank fraud case involving Reliance Home Finance Ltd. (RHFL). The high-profile questioning took place at the CBI head office in New Delhi, where Ambani appeared voluntarily and was examined by investigating officers for approximately six hours.
Extended Investigation and Further Questioning Scheduled
Following the lengthy interrogation, CBI officials directed Jai Anmol Ambani to appear again on Saturday for additional questioning as the agency continues to probe the alleged financial irregularities. An agency spokesperson confirmed that the investigation is ongoing and requires further clarification on several aspects of the case. This development underscores the seriousness with which the CBI is pursuing this complex financial fraud investigation.
Case Background and Legal Framework
The case was formally registered on December 6, 2025, naming RHFL, Jai Anmol Anil Ambani, former CEO Ravindra Sudhalkar, and several public servants and individuals as accused parties. The legal action originated from a complaint filed by Union Bank of India (formerly known as e-Andhra Bank), alleging criminal conspiracy, cheating, and criminal misconduct that resulted in a substantial financial loss of Rs 228 crore.
While the RHFL account was initially classified as a Non-Performing Asset (NPA) in September 2019, it was officially declared a "fraud" account on October 10, 2024, according to agency statements. This classification marked a significant escalation in the banking sector's response to the financial irregularities associated with the company.
Wide-Ranging Financial Implications and Consortium Debt
The scope of the investigation extends far beyond a single banking institution. RHFL reportedly owed a staggering total of Rs 5,572.3 crore to a consortium of 18 banks, financial institutions, and corporate bodies. This massive debt burden highlights the systemic nature of the alleged fraud and its potential impact on multiple financial stakeholders across the banking sector.
Previous Investigative Actions and Document Seizures
Friday's questioning follows a series of coordinated raids conducted by the CBI on December 9, 2025, in Mumbai. During these operations, investigators searched the official premises of Reliance Home Finance Ltd. and the residences of both Jai Anmol Ambani and former CEO Ravindra Sudhalkar. The raids resulted in the seizure of several incriminating documents that are now being analyzed as part of the ongoing investigation.
The CBI's multi-pronged approach—combining document seizures, premises searches, and direct interrogations—demonstrates a comprehensive strategy to uncover the full extent of the alleged financial misconduct. The agency's persistence in following up initial raids with detailed questioning of key individuals suggests a methodical and thorough investigative process aimed at establishing clear evidence trails.
