CBI Raids Premises Linked To Anil Ambani, Reliance Communications In Bank Fraud Case

The CBI has filed a case against Reliance Communications and searched its premises on Saturday (August 23, 2025) in connection with an alleged bank fraud that caused a loss of over ₹2,000 crore to the State Bank of India, officials said.

The agency is conducting searches at the premises linked to RCOM and its Promoter Director Anil Ambani, they said.

The entities were classified as fraud on June 13 in accordance with the RBI's Master Directions on Fraud Risk Management and the Bank's Board-approved Policy on Classification, Reporting & Management of Frauds, Minister of State for Finance Pankaj Chaudhary had said in a written reply in the Lok Sabha last month.