CBI Interrogates Jai Anmol Ambani Over Alleged Rs 228-Crore Union Bank Fraud

Jai Anmol Ambani faced a second day of questioning by the CBI over an alleged Rs 228-crore fraud with Union Bank. Former director of RHFL, Ambani is implicated in a case involving mismanagement leading to a non-performing asset status and subsequent fraud declaration by the bank.

Jai Anmol Ambani, former director of Reliance Home Finance Limited (RHFL), was interrogated for five hours by the Central Bureau of Investigation (CBI) for a second consecutive day, authorities revealed on Saturday. The investigation is centered around an alleged Rs 228-crore fraud case related to Union Bank of India.

Ambani, along with RHFL's former CEO Ravindra Sudhakar and others, has been booked in the case following a complaint from the bank. The CBI's inquiries stem from allegations of criminal conspiracy and cheating, which led to the bank suffering a wrongful loss.

CBI conducted searches at Ambani's residence and other locations following the FIR lodged against the parties involved. RHFL's account was declared non-performing in 2019 and later as fraud in 2024, as per bank allegations, leading to the thorough ongoing investigation.