CBI Intensifies Probe in Rs 228 Crore Bank Fraud Case, Questions Jai Anmol Ambani
The Central Bureau of Investigation (CBI) conducted a rigorous interrogation of Jai Anmol Ambani, son of business tycoon Anil Ambani, on Friday in connection with a significant bank fraud case amounting to Rs 228.06 crore. The questioning, which lasted for nearly six and a half hours, took place at the CBI headquarters in New Delhi, as confirmed by agency officials.
Details of the Investigation and Summons
Jai Anmol, who served as the former director of Reliance Home Finance Limited (RHFL), has been directed to appear before the investigating officer again on Saturday for further examination. This development follows an FIR registered against him and other key figures, including Ravindra Sudhakar, the former CEO and ex-whole-time director of RHFL.
According to a statement released by a CBI spokesperson, the agency summoned Jai Anmol for interrogation, during which he cooperated with the investigation. The spokesperson emphasized that the probe is ongoing, with additional sessions scheduled to delve deeper into the allegations.
Background of the Fraud Allegations
The case stems from a complaint filed by the Union Bank of India, previously known as Andhra Bank. The bank alleged that RHFL failed to repay the credit it had availed, leading to the account being classified as a non-performing asset (NPA) in 2019. Subsequently, the account was officially declared a fraud on October 10, 2024.
The CBI has registered a criminal case against RHFL, a company under the Reliance ADA Group, along with its promoters, directors, and unknown bank officials. The charges include:
- Criminal conspiracy
- Cheating
- Criminal misconduct
These allegations are said to have resulted in a wrongful loss of Rs 228.06 crore to the bank.
Scope of the Financial Misconduct
Investigations reveal that RHFL had secured loans totaling Rs 5,572.35 crore from a consortium of 18 entities, including banks, financial institutions, non-banking financial companies (NBFCs), and corporate bodies. The Union Bank of India was among these lenders. The CBI spokesperson noted that a thorough investigation is being conducted to uncover the full extent of the fraud, which potentially involves defrauding multiple financial institutions.
Previous Actions and Legal Proceedings
In a related move, the CBI conducted searches on December 9, 2025, at the residential premises of Jai Anmol in Mumbai, following the registration of the FIR. Additionally, searches were carried out at two official premises of RHFL and the residential premises of Ravindra Sudhakar. These actions were authorized by search warrants obtained from the special court for CBI cases in Mumbai.
As of now, there has been no immediate reaction from the company or the individuals involved regarding the recent questioning. The case continues to unfold, with the CBI committed to a detailed examination of all aspects to ensure justice is served.
