2 months ago
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The Central Bureau of Investigation (CBI) conducted searches astatine the bureau and residence of businessman Anil Ambani successful the Reliance Communications Limited case, said a CBI authoritative connected Thursday (February 26, 2026).
The CBI said successful a connection that it has registered a 2nd lawsuit against Reliance Communications based connected a ailment from Bank of Baroda for cheating, transgression misconduct and conspiracy.
The Bank of Baroda has alleged that the slope has suffered a nonaccomplishment of much than ₹2,220 crores owed to a indebtedness availed by Reliance Communications. The Bank has alleged that Reliance Communications had diverted and misutilised the money by creating fictitious transactions with related parties.
Reliance Group president Anil Ambani connected Thursday (February 26, 2026) appeared earlier the Enforcement Directorate (ED) successful New Delhi for a second circular of questioning in transportation with an alleged slope fraud-linked money-laundering case.
The probe pertains to an alleged slope fraud, worthy much than ₹40,000 crore, by his radical company, Reliance Communications (RCOM).
Mr. Ambani and his aggregate radical companies are facing allegations of indebtedness fraud, and the ED precocious constituted a Special Investigation Team (SIT) to probe each these instances. The SIT was formed connected the caller directions of the Supreme Court.
