CBI Raids Anil Ambani’s home in Rs 17,000 crore fraud case
The Central Bureau of Investigation (CBI) on Saturday morning conducted searches at industrialist Anil Ambani’s residence in Mumbai in connection with a bank fraud case worth Rs 3,073 crore.
Officials reached Ambani’s residence at Seawind, Cuffe Parade, around 7 am. According to sources, “seven to eight officials” arrived at the premises and have been carrying out the search since then.
The CBI filed a fresh FIR against Anil Ambani, his business entities and others based on a complaint by State Bank of India (SBI) alleging fraud. The FIR has been lodged in Delhi.
In its complaint, SBI alleged a total fraud of Rs 3,073 crore by Anil Ambani’s Reliance Communications Limited (RCOM). The bank had earlier classified the account and promoters, including Anil D Ambani, as “fraud” on November 10, 2020, and filed a complaint with CBI on January 5, 2021. However, the complaint was returned due to a “status quo” order issued by the Delhi High Court on January 6, 2021.
A spokesperson of Anil Ambani said, “The search at Anil D. Ambani’s residence concluded early this afternoon. The complaint filed by State Bank of India (SBI) pertains to matters dating back more than 10 years. At the relevant time, Mr. Ambani was a Non-Executive Director of the company, with no involvement in the day-to-day management.”