Anil Ambani denies allegations following CBI action in bank fraud case, says he was ‘singled out’
According to the Fir, Bank Rance Communications, Reance Telecom Ltd. and Reliance Infratel Ltd. The complaint is claimed to be misleading, funding and fraudulent transactions.
Anil Ambani’s spokesman on Saturday, “Mr. Anil D. Ambani’s residence ended in this afternoon. The complaint made by the Indian State Bank (SBI) was related to issues that were based on issues for more than 10 years.
“According to his own order, it is important to state that he has already withdrawn the procedures against the other five lawyers, according to his own order. However, Mr. Ambani was selected as a selective.”
In addition, “Currently, it is managed under the supervision of a creditor committee managed by SBI and supervised by a decision expert.
Also read: Anil Ambani is now facing the CBI temperature in the bank fraud case; Buildings connected with Adag Rained
Alleged crimes and audit findings
The CBI accused the Reliance Communications and Ambani of criminal conspiracy, cheating and violation of crimes. In a CBI spokesman, “the defendants in the penalty conspiracy, SBI’dan Reliance Communication Ltd in favor of the wrong statement in favor of the wrong statement and the credit facilities are claimed to represented and imposed sanctions,” he said. The complaint lists the funds issued by Reliance Infatel Ltd.A, which was listed by SBI in 2020, to direct the transactions between companies, the financing of sales invoices and the discounted invoices of the Reliance communication. 12,692 crore was paid to affiliated parties. Investments of 1,883 RS were also marked, most of them were liquidated and transferred to other organizations.
Audit is also Netizen Engineering Pvt. Ltd. is a group of Reliance Ada Group. The report stated that the assets acquired by Netizen from Millennium Private Network Ltd.
According to the audit, “transactions seem to be an attempt to deviate the funds by manipulating the account books through imaginary calculations and imaginary entries. Apparently, they have committed crimes of abuse of funds and violating the violation of confidence with honest intention.”
SBI’s classification and legal history
Before filed a complaint with the CBI in January 2021, the SBI classified the account of Ambani and Reliance Communications in November 2020 as ‘fraud’ in November 2020. The complaint was returned after a Supreme Court of Delhi, which protects the status quo.
A Supreme Court decision in March 2023 required the lenders to hear the debtors before they declared fraudulent. In September 2023, the SBI reversed his previous decision, but then restarted the process in accordance with a RBI Circular published in July 2024. The account was again ‘fraud’.
On August 22, 2025, the CBI received a search order from a private court in Mumbai and continued with raids two days later.
Wider review of the trust group
This CBI case comes with the allegation of laundering in a separate investigation of a separate investigation of the Executive Director of the Executive Director. The group refused to do it wrong at the time.
SBI did not respond to the last developments. Meanwhile, Ambani reiterated that he would object to the accusations in the court through his spokesman.
