CBI questions Jai Anmol Ambani in bank ‘fraud’ case

The Central Bureau of Investigation (CBI) on Friday (March 13, 2026) recorded the statement of businessman Anil Ambani’s son Jai Anmol Ambani in connection with an alleged ₹228-crore bank fraud case. The agency has summoned him again on Saturday (March 14, 2026).

Based on a complaint, the CBI registered a case on December 6 last year against Reliance Home Finance Limited (RHFL), its then director, Mr. Jai Anmol, then chief executive officer and whole-time director Ravindra Sudhalkar, and others. Pursuant to a summons, Mr. Jai Anmol appeared before the investigating officer at the agency’s Delhi headquarters and was examined for over six hours.

In this case, it has been alleged that the loan account of RHFL was declared a Non-Performing Asset on September 30, 2019, and was classified as a “fraud” on October 10, 2024, by Union Bank of India (erstwhile Andhra Bank). The company had taken loans amounting to ₹5,572.35 crore from 18 banks, financial institutions, non-banking financial companies, and corporate bodies, etc.

The CBI obtained search warrants from the concerned court and conducted searches at two official premises of RHFL, as well as the residential premises of Mr. Jai Anmol and Mr. Sudhalkar in Mumbai, on December 9, 2025.