The Central Bureau of Investigation (CBI) on Thursday questioned industrialist Anil Ambani in connection with an alleged Rs 2,929 crore cheating case linked to Reliance Communications Ltd (RCom), following a complaint by the State Bank of India (SBI), officials said. ADVERTISEMENTThe case stems from an FIR registered by the CBI in August last year, accusing Ambani and RCom of allegedly defrauding SBI to the tune of Rs 2,929.05 crore. According to the complaint, the company had an outstanding of over Rs 40,000 crore to multiple lenders, with SBI alone incurring significant losses based on 2018 figures. The agency has booked Ambani and the company on charges of criminal conspiracy, cheating and criminal breach of trust. Sources said the CBI had earlier conducted searches at Ambani’s Mumbai residence, ‘Sea Wind’, as part of the investigation.

Source: The Telegraph March 19, 2026 07:38 UTC