CBI Questions Anil Ambani for 2nd Consecutive Day in ₹2,929 Crore Bank Fraud Case

What Happened

The CBI on Friday questioned industrialist Anil Ambani for over six hours — the second consecutive day — in connection with a ₹2,929 crore cheating case filed by the State Bank of India against Reliance Communications Ltd.

Key Points

• Ambani arrived at CBI headquarters at 10 AM, left at 5:15 PM
• Questioned on alleged fund diversion, misappropriation, and loan irregularities
• Thursday's session lasted nearly 8 hours
• RCom had outstanding of over ₹40,000 crore to various lenders
• CBI filed FIR in August 2025 for criminal conspiracy, cheating, and criminal breach of trust
• CBI also searched Ambani's 'Sea Wind' residence at Cuffe Parade, Mumbai

Ambani's Response

His spokesperson said he denies all allegations, is fully cooperating, and the complaint pertains to matters from over 10 years ago when he was a non-executive director with no day-to-day management role.

Analysis

This case exemplifies India's broader corporate loan default crisis. RCom's ₹40,000 crore debt is a relic of the telecom boom era's aggressive borrowing. The CBI's intensity — back-to-back multi-hour interrogations and a residence search — signals the investigation has entered a critical phase.