CBI books RCOM and Anil Ambani in ₹2,929 crore SBI loan fraud case; searches carried out at multiple premises.

The Central Bureau of Investigation (CBI) has registered a case against Reliance Communications (RCOM) and its former chairman Anil Ambani in connection with a ₹2,929 crore loan fraud involving the State Bank of India (SBI). The case revolves around allegations that loans taken by RCOM were misused, resulting in huge losses to the banking sector.

According to officials, the CBI conducted searches at multiple premises linked to the accused, including offices and residential properties. The case was registered after a detailed complaint by SBI, highlighting irregularities and alleged misrepresentation in loan repayments.

RCOM, once a major telecom player in India, had been struggling with mounting debts and eventually went bankrupt. The current probe into financial irregularities adds to the legal troubles faced by Anil Ambani and his group companies.

The investigation is expected to focus on fund diversion, fraudulent transactions, and possible violations of banking norms. The CBI’s move comes amid growing scrutiny of corporate loan defaults that have significantly impacted the Indian banking system.

This case is one of the many high-profile financial fraud investigations currently being pursued by enforcement agencies in India, underscoring the government’s tough stance on loan defaulters and corporate mism

anagement.