Page 2 - Anil Ambani

Reliance Infra & Power distance themselves from CBI case on Anil Ambani

The CBI has filed chargesheets alleging fraudulent transactions between Anil Ambani's group companies (RCFL and RHFL), Yes Bank, and companies linked to the family of former Yes Bank chief Rana Kapoor

CBI chargesheet on Anil Ambani has no business impact: R-Infra and R-Power

Reliance Infrastructure and Reliance Power said CBI's chargesheet against Anil Ambani in connection with alleged loan fraud has no effect on their governance, stability, or daily operations

CBI files chargesheets in ₹2,796 crore fraud case against Anil Ambani firms

Besides Ambani, the CBI has also filed chargesheets against Rana Kapoor, Bindu Kapoor, Radha Kapoor, Roshni Kapoor, RCFL, RHFL, RAB Enterprises Private Limited, and other entities

ED registers fresh case against Anil Ambani, RCom in alleged SBI fraud

The Enforcement Directorate (ED) has widened its ongoing money-laundering probe against the group companies of Reliance Group chairman Anil Ambani, with the registration of a fresh case against Reliance Communication Limited (RCom) for an alleged Rs 2,929 crore loan fraud with the SBI, official sources said. An Enforcement Case Information Report (ECIR), the ED's equivalent for a police FIR, has recently been filed by the federal probe agency, taking cognisance of a CBI complaint registered on August 21, the sources said. The Central Bureau of Investigation (CBI) carried out searches at the premises ofom and the residence of Ambani in Mumbai on August 23 as part of this SBI-linked investigation. The accused in the latest ED case are the same as in the CBI FIR, which includedom-Mumbai, its director Anil D Ambani, unidentified public servants and others on the basis of a complaint from the State Bank of India (SBI). The money-laundering investigation has been enlarged to look into all

Bank of Baroda classifies RCom, Anil Ambani loan accounts as 'fraud'

The move follows similar actions by the State Bank of India and Bank of India, which flagged RCom loans citing diversion of funds in 2016

Reliance Comm, Power, Infra hit 5% lower circuit as CBI books Anil Ambani

Anil Ambani's firm's stocks plunged as the CBI filed a case and carried out searches after a fraud complaint from the State Bank of India

Anil Ambani denies 'fraud' allegations after Bank of India's move

These actions are contrary to the RBI regulations issued in July 2024, as well as to well-established law and the judgments of the Hon'ble Supreme Court and the Hon'ble Bombay High Court.

After SBI, Bank of India declares RCom, Anil Ambani's account fraudulent

After the State Bank of India, Bank of India has classified the loan account of insolvent Reliance Communications as fraudulent and named its former director, tycoon Anil Ambani, citing alleged fund diversion in 2016, according to a regulatory filing. State-owned Bank of India granted a Rs 700 crore loan in August 2016 to Reliance Communications for its ongoing capital and operational expenditure and repayment of existing liabilities. Half of the sanctioned amount disbursed in October 2016 was invested in a fixed deposit, which was not permitted as per the sanction letter, according to the bank's letter that RCom disclosed in a stock exchange filing. RCom said that it has on August 22 received a letter from Bank of India dated August 8 stating the bank's decision "to classify the loan accounts of the company, Anil Dhirajlal Ambani (promoter and erstwhile director of the company), and Manjari Ashok Kacker (erstwhile director of the company), as Fraud". Previously, State Bank of India

Anil Ambani refutes all charges following CBI action in bank fraud case

At present, Reliance Communications is being managed under the supervision of a Committee of Creditors, led by SBI and overseen by a Resolution Professional

CBI books Anil Ambani's RCom for ₹2,000 cr bank fraud, searches premises

The CBI has filed a case against Reliance Communications and searched its premises on Saturday in connection with an alleged bank fraud that caused a loss of over Rs 2,000 crore to the State Bank of India, officials said. The agency is conducting searches at the premises linked to RCOM and its Promoter Director Anil Ambani, they said. The entities were classified as fraud on June 13 in accordance with the RBI's Master Directions on Fraud Risk Management and Bank's Board-approved Policy on Classification, Reporting & Management of Frauds, Minister of State for Finance Pankaj Chaudhary had said in a written reply in the Lok Sabha last month. "On June 24, 2025, the bank reported classification of fraud to RBI, and is also in the process of lodging complaint with CBI," he had said. More details are awaited.

Sebi rejects Anil Ambani's settlement plea over Yes Bank investments

According to the documents reviewed by Reuters, the investment was made in exchange for loans from Yes Bank to other group companies

ED to widen alleged Rs 17,000 crore bank-fraud investigation probe

The agency is also likely to call for questioning former senior officials of Canara Bank and Bank of Baroda

Datanomics: Bank fraud accounts for 30% of cases investigated by ED

The number of fraud cases investigated by the ED has been steadily increasing, over a decade till 2024

₹17K cr loan fraud case: ED likely to summon Anil Ambani again in 10 days

The Enforcement Directorate may summon Anil Ambani again in the Rs 17,000-crore loan fraud case after he sought 10 days to gather documents and clarify financial decisions

Anil Ambani appears before ED in PMLA case linked to alleged loan fraud

Anil Ambani arrives in Delhi after ED summons him in a case linked to alleged loan fraud; agency to record his statement on Tuesday under the Prevention of Money Laundering Act

ED probe into Anil Ambani linked companies: What turns bad loan into fraud

As the Enforcement Directorate acts on a ₹3,000 crore loan case linked to Anil Ambani's group, here's how Indian law defines loan fraud and when defaults turn into criminal cases

ED makes first arrest in ₹3,000-crore loan fraud case against Anil Ambani

Partha Sarathi Biswal, was taken into custody under the provisions of the PMLA 2002

₹3K crore 'fraud' case: ED issues lookout notice against Anil Ambani

The Enforcement Directorate has issued a lookout notice against Anil Ambani in connection with a money laundering case, preventing him from leaving India without prior approval

Prajwal Revanna convicted, Vice-Presidential election, Anil Ambani, Trump tariffs & more top

A Special Court in Bengaluru convicted former MP and suspended Janata Dal (Secular) leader Prajwal Revanna in one of four rape and sexual abuse cases filed against him. The quantum of punishment

R-Infra denies fund diversion allegations as ED summons Anil Ambani

The company further stated that it had a net exposure of Rs 6,500 crore, which was duly disclosed in its financial statements over the past four years