CBI slaps loan-fraud case on Anil: Industrialist’s house & R-Com premises searched

The CBI on Saturday filed a criminal case against industrialist Anil Ambani and conducted searches at his Mumbai residence and Reliance Communications (R-Com) premises in connection with an alleged bank fraud that caused a loss of over ₹2,929 crore to the SBI.

The development came two weeks after the Enforcement Directorate (ED) questioned the 66-year-old industrialist in a money-laundering case linked to the alleged multiple bank loan fraud cases worth over ₹17,000 crore.