Reliance Communications Ltd News

CBI files fresh case against Anil Ambani, RCom in ₹3,750 cr LIC fraud case

The CBI on Wednesday registered a fresh case against industrialist Anil Ambani and Reliance Communications Ltd for allegedly causing a loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India, officials said. The CBI has filed the case for the alleged offences of conspiracy, cheating and misappropriation and under the provisions of the Prevention of Corruption Act on a complaint from the LIC, making it the fourth case against the company and Anil Ambani, they said. The agency has alleged that LIC was fraudulently induced to subscribe to Non Convertible Debentures (NCDs) worth Rs. 4500 crore between 2009 and 2012 on the basis of false representations made by Reliance Communications Ltd. and its management regarding the financial health of the company, and security and asset cover offered to LIC while subscribing to the NCDs. The insurer suffered a loss of over Rs 3,750 crore and ordered a forensic audit against the company. The forensic audit report dated October 15, 2020

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RCom fraud case: CBI questions Anil Ambani in SBI's ₹2,929 crore loan fraud

The CBI on Thursday questioned industrialist Anil Ambani in connection with the alleged Rs 2,929 crore cheating case registered against Reliance Communications Ltd and him on a complaint by the State Bank of India, officials said. Ambani arrived at the agency headquarters this morning for questioning in the case. The agency has alleged fund diversion, misappropriation and other irregularities in the loan funds issued to the company by the bank, they said. The spokesperson for Anil Ambani said in a statement on Thursday that he will be appearing before the Central Bureau of Investigation (CBI) in Delhi on March 19 and 20 "for examination in connection with the FIR registered on the basis of a complaint filed by the State Bank of India". "The appearance is in furtherance to Mr Ambani's commitment to extend full cooperation in the matter with all agencies," the spokesperson said. The CBI had booked Ambani in August last year for allegedly defrauding the SBI to the tune of Rs 2,929.05

RCom files review petition against SC decision on spectrum under IBC

Reliance Communications' resolution professional has asked the Supreme Court to review its ruling that telecom spectrum cannot be treated as an asset under the Insolvency and Bankruptcy Code

CBI questions Anil Ambani's son again in ₹228 crore bank fraud case

The CBI questioned Anil Ambani's son, Jai Anmol Ambani, for nearly five hours for a second consecutive day on Saturday in connection with an alleged Rs 228-crore fraud involving the Union Bank of India, officials said. Jai Anmol Ambani, the former director of Reliance Home Finance Limited (RHFL), was quizzed at the federal agency's headquarters here in connection with the bank-fraud case, in which he was booked along with RHFL's former CEO and whole-time director Ravindra Sudhakar, among others, they said. There was no immediate reaction from the company. The Central Bureau of Investigation (CBI) conducted searches at Jai Anmol Ambani's residence on December 9, 2025, after lodging an FIR against him and others. The CBI had acted on a complaint from the Union Bank of India (previously, the Andhra Bank), alleging that the company did not repay the credit availed from the bank, which turned the account into a non-performing asset (NPA) in 2019. The CBI registered a criminal case agai

Reliance Infra, Reliance Comms share prices hit 52-week lows; here's why

Reliance Infrastructure declined as much as 4.5 per cent the 52-week low of ₹89.70 per share on the National Stock Exchange (NSE)

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CBI files fresh case against Anil Ambani, Reliance Communications

The CBI has registered a fresh case against industrialist Anil Ambani and Reliance Communications (RCOM) for allegedly cheating the Bank of Baroda during 2013-17 causing a wrongful loss of more than Rs 2,220 crore to the bank, officials said Thursday. The case stems from a complaint received from the bank on Tuesday, they said. "After registration of this case, the CBI has conducted searches at the residence of Anil Ambani and the registered offices of Reliance Communication Ltd. Various documents connected with this loan transactions have been recovered," a CBI spokesperson said in a statement. "The allegations in the FIR are that Bank of Baroda has suffered a loss of more than Rs 2,220 crore due to the loans availed by Reliance Communications which were allegedly diverted and misutilized by creating fictitious transactions with related parties," the spokesperson said. According to the officials, the account was declared a non-performing asset in 2017 itself. "However, based on t

Anil Ambani appears before ED again in RCOM money laundering case

Reliance Group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate here for a second round of questioning in connection with an alleged bank fraud-linked money laundering case. The 66-year-old businessman entered the federal probe agency's office in central Delhi around 10.30 am. Officials in the agency said they will record his statement under the provisions of the Prevention of Money Laundering Act (PMLA). He was first questioned by the ED in August 2025. The probe pertains to an alleged over Rs 40,000 crore worth bank fraud by his group company, Reliance Communications (RCOM). Ambani and his multiple group companies are facing allegations of loan fraud, and the ED recently constituted a special investigation team (SIT) to probe all these instances. The SIT was formed on the recent directions of the Supreme Court. The ED on Wednesday attached Ambani's Mumbai house, 'Abode', worth Rs 3,716 crore under the anti-money laundering law. According to informati

Anil Ambani's house worth ₹3.7K crore attached by ED under PMLA

The Enforcement Directorate attached Reliance Group chairman Anil Ambani's Mumbai house, 'Abode', worth Rs 3,716 crore under the anti-money laundering law, official sources said on Wednesday. The luxurious house, which is 66-metre high with 17 floors, is located in the Pali Hill area of Mumbai. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach the multi-storeyed house in the case linked to an alleged bank fraud by his group company Reliance Communications (RCOM), according to the sources. They said the attached asset's value is Rs 3,716.83 crore. Ambani, 66, is expected to appear before the federal probe agency here for his second round of questioning. He first deposed before the ED in August 2025 and had his statement recorded under the PMLA. With the latest order, the total value of the attachment in this case stands at about Rs 15,700 crore.

Every RBI fraud violation not open to court: HC on Anil Ambani case stay

The RBI's Master Directions aim to identify frauds and unscrupulous borrowers for timely action, and every violation of the same is not subject to judicial scrutiny, the Bombay High Court has said while lifting the stay on action by three banks to classify industrialist Anil Ambani's accounts as fraud. A bench of Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad on Monday quashed a single bench order of December 2025, which stayed the action initiated by three public sector banks based on the Master Directions issued by the RBI to classify Ambani's and Reliance Communications Ltd's bank accounts as fraud. The court allowed appeals filed by the three public sector banks and the auditor firm BDO India LLP against the December 2025 interim order passed by a single bench of the HC. The division bench held the single bench order as "perverse and illegal" and in breach of natural justice and said it suffers from "procedural irregularity and impropriety". The court in its ...

Anil Ambani tells Supreme Court he won't leave India without nod

Anil Ambani submits an affidavit to the Supreme Court stating he will not travel abroad without permission and will continue cooperating with ED and CBI in the RCOM fraud investigations

Won't leave India without permission, will cooperate: Anil Ambani tells SC

The Enforcement Directorate has issued fresh summons to Reliance Group chairman Anil Ambani to appear for questioning on February 26 after he skipped deposition this week, official sources said on Thursday. His wife, former actor Tina Ambani, has also sought adjournment twice and not deposed before the ED on her scheduled dates for February 10 and February 17. It was not clear if she too has been given a fresh date by the ED. The ED has called the couple to record their separate statements under the Prevention of Money Laundering Act (PMLA), ED officials had said. Anil Ambani once appeared before the ED in August 2025. It is understood that Tina Ambani has been called for questioning with regard to a money trail linked to the purchase of a luxury condominium in New York's Manhattan. The ED recently arrested former RCOM (Reliance Communication) president Punit Garg in the case. The New York property was "fraudulently" sold in 2023 during the corporate insolvency resolution proces

ED to issue fresh summons to Tina Ambani in money laundering probe

The Enforcement Directorate will soon issue fresh summons to Tina Ambani, wife of Reliance Group chairman Anil Ambani, for questioning in a money laundering case, officials said on Tuesday. Tina, 68, a former actor, was asked to depose by the federal agency here on Monday but she did not do so. She will be called again soon, the officials said. It is understood that she was called for questioning with regard to a money trail linked to the purchase of a luxury condominium in New York's Manhattan. The ED had recently attested former RCOM (Reliance Communication) president Punit Garg in this case. The agency has recently constituted a SIT to probe multiple cases of alleged bank fraud and linked financial irregularities against the Anil Dhirubhai Ambani Group (ADAG) on the directions of the Supreme Court.

RCom fraud case: Supreme Court directs ED to constitute probe team

The Supreme Court asked the Enforcement Directorate to set up a senior-level SIT to take forward the probe into alleged large-scale bank fraud involving RCOM and Anil Ambani

ED arrests ex-RCOM prez Punit Garg in alleged ₹40,000-cr bank fraud case

The Enforcement Directorate on Friday said it has arrested former Reliance Communications (RCOM) president Punit Garg on money laundering charges in an alleged Rs 40,000 crore worth bank loan fraud against group companies of businessman Anil Ambani. Garg was taken into custody on Thursday. A special Prevention of Money Laundering Act (PMLA) court in Delhi sent him to nine days of ED custody, the federal probe agency said in a statement. Garg, ex-president and director of Reliance Communications Limited (RCOM), was arrested in connection with an ongoing investigation linked to an alleged over Rs 40,000 crore bank fraud and money laundering by RCOM and its group entities, the ED said. There was no immediate comment from the Reliance Group on this development. The agency, on Wednesday, had said it had attached shares and mutual funds in the name of Garg's wife. "Garg, while holding senior managerial and directorial positions in RCOM over an extended period from 2001 to 2025, was acti

Anil Ambani Reliance group stocks slip up to 3% as ED attaches fresh assets

The attachment covers multiple properties linked to Reliance Communications (RCom) and other group entities, including buildings at Dhirubhai Ambani Knowledge City (DAKC) and Millennium Business Park

ED attaches ₹1,452 crore fresh assets linked to Anil Ambani Reliance group

The ED said RCom and its group companies availed loans from multiple domestic and overseas lenders between 2010 and 2012, with outstanding dues now at ₹40,185 crore and several accounts declared fraud

Reliance Group says no impact on business operations due to attachment

Anil Ambani's Reliance Group on Tuesday said there is no impact on business operations of the group's listed companies because of the ED's attachment of Rs 7,500 crore worth of properties, which is linked to a money-laundering probe. The majority of the assets attached by the Enforcement Directorate belong to Reliance Communications, which is under the control of the Resolution Professional (RP) and the committee of creditors (CoC), led by State Bank of India, the group's listed firms said in stock exchange filings. The federal probe agency issued four separate provisional orders under the Prevention of Money Laundering Act (PMLA) on October 31 for attaching 42 properties, including the 66-year-old Ambani's family home in Pali Hill, Mumbai, apart from other residential and commercial properties of his group companies. The attachment relates to cases involving Reliance Communications and its affiliates over the alleged diversion of loans taken from YES Bank between 2017 and ...

Bombay HC upholds SBI order on Anil Ambani, Reliance Comm fraud accounts

The Bombay High Court while upholding an order of the State Bank of India (SBI) classifying the accounts of industrialist Anil Ambani and Reliance Communications as fraud has said it was a reasoned order, and did not have any legal flaw. A bench of Justices Revati Mohite Dere and Neela Gokhale on October 3 dismissed a petition filed by Ambani, challenging the SBI order. The judgment, a copy of which was made available on Tuesday, said there was no merit in Ambani's plea as there was no "infirmity" in the SBI order of June 13, 2025. The court did not entertain the industrialist's contention that the order should be held as null and void because he was not given a personal hearing, and relevant documents were not furnished to him. The right available under the Reserve Bank of India's (RBI) Master Directions, under which the SBI passed its order, is that of making a representation and not of personal hearing, the high court noted. Ambani had submitted his response to the show-cause .