CBI grills Anil Ambani for 8 hours, summons him again on March 20

“The questioning took place at the CBI headquarters, here (in New Delhi), where officials recorded Ambani’s statement regarding alleged diversion and misuse of loan funds obtained from a consortium of public sector banks. The case is part of a broader CBI investigation into suspected financial irregularities involving RCom and its former directors between 2013 and 2017,” a CBI spokesperson said in a statement.

A spokesperson for Anil said, "He will be appearing before the CBI in Delhi on March 19 and 20, 2026 for examination, in connection with the FIR registered on the basis of a complaint filed by the State Bank of India (SBI) regarding Reliance Communications Ltd. (RCOM). The appearance is in furtherance to Ambani’s commitment to extend full cooperation in the matter with all agencies."

The case was registered on August 21, 2025, following a complaint by SBI, the lead bank in a consortium of 11 lenders. The complaint, based on a forensic audit, alleges large-scale diversion and misutilisation of loan funds between 2013 and 2017 through complex transactions among group entities.

Investigators claim the alleged irregularities caused a wrongful loss of Rs 2,929.05 crore to SBI, part of a total exposure of Rs 19,694.33 crore involving 17 public sector banks. Subsequently, similar complaints were also filed by several other banks, including Punjab National Bank, Bank of India, Union Bank of India, UCO Bank, Central Bank of India, IDBI Bank and Bank of Maharashtra.

The agency has also registered additional cases against RCOM and its directors based on complaints from Bank of Baroda and Punjab National Bank earlier this year.

Searches were conducted at company offices and Ambani's residence in Mumbai in August 2025, during which investigators seized several documents deemed incriminating.

In a related development, the CBI also questioned Amit Dangi for around seven hours in connection with a separate Rs 57.47 crore bank fraud case involving Reliance Commercial Finance Ltd.

Dangi, a Whole-Time Director at Authum Investment & Infrastructure Ltd., appeared before the agency as part of the ongoing investigation. His company has taken over assets of Reliance Commercial Finance Ltd and Reliance Home Finance Ltd.

The case, registered on December 6, 2025, is based on a complaint by Bank of Maharashtra, alleging diversion of funds that led to a loss of Rs 57.47 crore. A forensic audit flagged large-scale financial irregularities, with a consortium exposure of Rs 4,097 crore across 31 financial institutions.

Subsequent complaints were also received from Punjab National Bank, taking the combined exposure of the two banks to Rs 302.38 crore.

Searches were carried out in Mumbai and Pune in December 2025 at premises linked to the accused, where officials recovered multiple incriminating documents.

The investigations in both cases are ongoing, with the CBI examining financial transactions, corporate structures and the alleged role of public servants in facilitating the frauds.