CBI Searches Anil Ambani's Home, Office Over Rs 2,220 Crore RCom Fraud
CBI registers fresh case against Anil Ambani and RCom for alleged Rs 2,220 crore fraud, conducts searches at home and offices
The Central Bureau of Investigation (CBI) conducted searches at the residence and registered offices of industrialist Anil Ambani on Thursday, February 26, 2026, in connection with an alleged loan fraud case involving Reliance Communications Ltd (RCom).
The action follows the registration of a fresh case by the CBI earlier in the day, based on a complaint lodged by the Bank of Baroda on February 24, 2026. The allegations center on a fraud amounting to approximately Rs 2,220 crore (with some reports citing Rs 2,223.17 crore), involving offences such as criminal conspiracy, cheating under the Indian Penal Code, and criminal misconduct under the Prevention of Corruption Act. Anil Ambani, identified as the promoter and former chairman of RCom, along with the company and others, has been named in the FIR.
This marks the second such case registered by the CBI against RCom and Ambani in relation to alleged bank loan irregularities. The searches targeted Ambani's residence and RCom's registered offices, during which various documents related to the loan transactions were recovered, according to the CBI statement. The agency emphasized that the probe stems from the bank's claim of significant financial loss due to the alleged diversion or misuse of funds.
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Reliance Communications, once a major telecom player, has faced prolonged financial distress, leading to insolvency proceedings and classification of its accounts as fraud by multiple lenders under Reserve Bank of India guidelines. The case adds to ongoing scrutiny of the Anil Dhirubhai Ambani Group, which has been subject to investigations by agencies including the Enforcement Directorate over related money laundering and fraud allegations involving billions in bank loans.
The CBI's swift registration of the case and subsequent searches highlight intensified enforcement against corporate loan defaults and alleged frauds in India's banking sector. Authorities have not disclosed further details on recoveries or next steps, but the development underscores persistent regulatory focus on high-profile debt cases amid efforts to recover public funds. Ambani or RCom representatives have not issued an immediate public response to the latest action.
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