New Delhi, March 19: The Central Bureau of Investigation (CBI) on Thursday questioned Anil Ambani, Chairman of Reliance Communications Limited, and Amit Dangi, Whole-time Director of Authum Investment and Infrastructure Limited, in connection with a bank loan fraud case. The investigating agency questioned Anil Ambani for eight hours and Dangi for about seven hours. Anil Ambani has been summoned for questioning on Friday as well.
The CBI said that Anil Ambani arrived at the investigating agency’s headquarters in Delhi today and was questioned for about eight hours. He has been summoned for questioning on Friday as well. This case is related to an FIR registered on August 21, 2025. Reliance Communications Limited, Anil Ambani, other unknown persons, and some unknown public servants have been named as accused in the case. The complaint was filed by the State Bank of India (SBI), the lead bank of a consortium of 11 banks.
The forensic audit report alleged that between 2013 and 2017, large-scale fund diversion and misuse occurred through complex transactions between group companies, resulting in a loss of โน2,929.05 crore to SBI. The total exposure of 17 public sector banks was โน19,694.33 crore. In this case, the CBI also searched two official premises of Reliance Communications in Mumbai and Anil Ambani’s residence, seizing several important documents. Punjab National Bank, Bank of India, Union Bank of India, UCO Bank, Central Bank of India, IDBI Bank, and Bank of Maharashtra also filed separate complaints.
The CBI stated that another case against Reliance Communications was registered on February 25th of this year, incorporating the complaint by Bank of Baroda. On March 5th of this year, another case was registered based on a complaint by Punjab National Bank, naming Anil Ambani and the company’s director, Manjari Ashok Kakkar, as accused.
In the second case, the CBI questioned Amit Dangi in connection with a โน57.47 crore bank fraud case involving Reliance Commercial Finance Limited. Amit Dangi is a full-time director of Authum Investment and Infrastructure Limited, which has acquired the assets of Reliance Commercial Finance and Reliance Home Finance. The CBI stated that he was questioned for approximately seven hours.
The CBI stated that this case is related to an FIR registered on December 6, 2025, naming Reliance Commercial Finance Limited, Devang Praveen Modi, Ravindra Somayajula Rao, and other unidentified individuals as accused. The complaint was filed by the Bank of Maharashtra, which alleged large-scale fund diversion based on a forensic audit report. The case involves 31 banks and financial institutions, including 13 public sector banks, with a total exposure of โน4,097 crore. The combined exposure of Bank of Maharashtra and Punjab National Bank is Rs 302.38 crore.
The CBI also conducted searches in Mumbai and Pune in this case. Numerous documents were seized from the official premises of Reliance Commercial Finance Limited and the residence of Devang Pravin Modi. Investigations are ongoing in both cases. The statements of the accused are being compared with the documents collected. These cases involve allegations of large-scale fund diversion and misuse, which are being thoroughly investigated.