CBI Books Anil Ambani's RCOM for ₹2,000 Crore Bank Fraud
The Central Bureau of Investigation (CBI) has registered a case against Reliance Communications (RCOM) and its promoter Anil Ambani for an alleged bank fraud causing a loss of over ₹2,000 crore to the State Bank of India (SBI).
MARKET NEWS
8/25/20251 min read
A case was brought against Reliance Communications (RCOM) and its promoter, Anil Ambani, by the Central Bureau of Investigation (CBI). The action comes after State Bank of India (SBI) filed a complaint in June 2025 after labeling RCOM's loan account as "fraud." The CBI searched many locations in Mumbai connected to RCOM and Ambani. According to the case, SBI and a group of large banks lost more than ₹2,000 crore as a result of the alleged diversion and misuse of credit.
In connection with the suspected bank loan fraud case, the CBI raided six premises connected to RCOM and Anil Ambani on August 22, 2025. The Enforcement Directorate had previously questioned Ambani about loans within group entities and money laundering.
A net loss of ₹2,217 crore was declared by RCOM in its Q1 2025 financials, which were made public on August 13. The business continues to be insolvent and is dealing with legal and license renewal concerns. As part of the continuing Corporate Insolvency Resolution Process (CIRP), the Committee of Creditors gathered in August.
With both regulatory and criminal investigations stepping up in August 2025, these events indicate significant ongoing legal and financial difficulties for RCOM and its proprietor, Anil Ambani.