CBI conducts searches at office and residence of Anil Ambani; files fresh cases over ₹2,220 crore bank ‘fraud’

The Central Bureau of Investigation (CBI) conducted searches at the office and residence of businessman Anil Ambani in the Reliance Communications Limited case, said a CBI official on Thursday (February 26, 2026).

The CBI said in a statement that it has registered a second case against Reliance Communications based on a complaint from Bank of Baroda for cheating, criminal misconduct and conspiracy.

The Bank of Baroda has alleged that the bank has suffered a loss of more than ₹2,220 crores due to a loan availed by Reliance Communications. The Bank has alleged that Reliance Communications had diverted and misutilised the fund by creating fictitious transactions with related parties.

“After registration of this case, the CBI has conducted searches at the residence of Anil Ambani and the registered offices of Reliance Communication Ltd. Various documents connected with this loan transactions have been recovered,” a CBI spokesperson said in a statement.

The CBI has already registered a case against Reliance Communications based on a complaint lodged by the SBI which is the lead bank of a consortium consisting of 11 banks.

“However, the Bank of Baroda was not part of the said consortium, and this is a different loan availed by the Reliance Communications from Bank of Baroda, the then Vijaya Bank and the then Dena Bank,” the spokesperson said.

Reliance Group chairman Anil Ambani earlier on Thursday (February 26, 2026) appeared before the Enforcement Directorate (ED) in New Delhi for a second round of questioning in connection with an alleged bank fraud-linked money-laundering case.

The probe pertains to an alleged bank fraud, worth more than ₹40,000 crore, by his group company, Reliance Communications (RCOM).

Mr. Ambani and his multiple group companies are facing allegations of loan fraud, and the ED recently constituted a Special Investigation Team (SIT) to probe all these instances. The SIT was formed on the recent directions of the Supreme Court.