The noose is tightening around Reliance Communications Limited and its Chairman, Anil Ambani, who are accused in one of the country’s major bank fraud cases. On Thursday, the CBI summoned Anil Ambani to its headquarters in Delhi for questioning in connection with this case, where he underwent an extensive interrogation lasting approximately eight hours. The agency has directed him to appear again for further questioning on Friday. The indications are clear that the investigation into this matter is set to delve even deeper.

The Case Involves Over ₹19,000 Crore

This case originated on August 21, 2025, when the CBI registered a formal case based on a complaint filed by the State Bank of India (SBI). A consortium of 11 banks, led by SBI, alleges that between 2013 and 2017, Reliance Communications extensively misappropriated loan funds and engaged in circular transactions involving various companies within the group. This resulted in a loss of approximately ₹2,929.05 crore for SBI alone, while the total financial exposure involved is reported to exceed ₹19,694 crore.