CBI Books Anil Ambani’s RCom in ₹2,000-Cr Bank Fraud Case, Searches Premises

New Delhi, Aug 23 — The Central Bureau of Investigation (CBI) has registered a case against Reliance Communications (RCom) and its promoter-director Anil Ambani in connection with an alleged ₹2,000 crore bank fraud involving the State Bank of India (SBI), officials said on Saturday.

Searches are being conducted at premises linked to RCom and Ambani as part of the probe, they added.

The case stems from SBI’s complaint, after the accounts of RCom were declared fraudulent on June 13 in line with the RBI’s Master Directions on Fraud Risk Management and the bank’s internal policy.

Minister of State for Finance Pankaj Chaudhary, in a written reply to the Lok Sabha last month, had confirmed that SBI reported the fraud classification to the RBI on June 24, 2025, and was in the process of filing a complaint with the CBI.

The alleged fraud relates to loans taken by the debt-laden telecom firm, which has been under insolvency proceedings since 2019.

Further details from the CBI’s ongoing searches and investigation are awaited.