Anil Ambani Faces CBI Scrutiny in Rs 2,929 Crore Bank Fraud Case

The CBI questioned Anil Ambani regarding a Rs 2,929 crore fraud case involving Reliance Communications and SBI. Allegations include fund misappropriation and criminal conspiracy. While Ambani refutes these charges, he remains committed to cooperating with the investigation. The case involves significant debts and is under judicial review.

Industrialist Anil Ambani appeared before the Central Bureau of Investigation (CBI) on Thursday for questioning related to a Rs 2,929 crore fraud case involving Reliance Communications and the State Bank of India (SBI), officials reported.

The CBI has alleged that Ambani and the company engaged in fund diversion and misappropriation of loan funds provided by SBI. Anil Ambani, maintaining his innocence, stated his commitment to fully cooperate with the investigation.

The complaint, filed by SBI, is related to financial activities over a decade ago and is currently being reviewed by various judicial forums, including the Supreme Court.

(With inputs from agencies.)