CBI raids Anil Ambani's Mumbai residence in Rs 17,000-cr loan fraud case

The Central Bureau of Investigation (CBI) on Saturday conducted early morning raids at industrialist Anil Ambani’s residence at Seawind, Cuffe Parade, Mumbai, in connection with a large-scale bank fraud case. Officials reached the premises around 7 am, with seven to eight officers carrying out the search. Anil Ambani, along with his wife and children, were present during the operation.

The raids follow a fresh FIR registered in Delhi against Anil Ambani, his business entities, and other associated individuals based on a complaint filed by the State Bank of India (SBI). The complaint alleges a total fraud of Rs 3,073 crore by Reliance Communications Limited (RCOM), a company promoted by Anil Ambani. The bank had earlier classified the account and promoters as “Fraud” on November 10, 2020, and had filed a complaint with the CBI on January 5, 2021.

The initial complaint was returned due to a “status quo” order issued by the Delhi High Court on January 6, 2021. Following a Supreme Court order in March 2023 in a separate case, SBI re-evaluated the accounts and reversed the earlier classification. The fraud classification process was re-run, and the account was once again classified as “Fraud” on July 15, 2024. On June 24, 2025, SBI reported the classification to the Reserve Bank of India (RBI), prompting the CBI to register the FIR and initiate formal investigation.

Apart from this case, Anil Ambani continues to face scrutiny by both the CBI and the Enforcement Directorate (ED) in multiple bank fraud cases. The total alleged fraud by his business entities reportedly exceeds Rs 17,000 crore. On August 5, 2025, Ambani was questioned for nearly ten hours by the ED in a money laundering probe involving loans from Yes Bank and suspected diversion of funds through shell companies.

The CBI searches targeted both Ambani’s residence and premises linked to Reliance Communications. Officials confirmed that the raids form part of ongoing investigations into large-scale financial irregularities. Further developments in the case are expected as authorities continue to gather evidence and examine documents provided by Ambani and his business entities.