CBI Registers Rs 228 Cr Bank Fraud Case Against Anil Ambani’s Son, Reliance Home Finance

The Central Bureau of Investigation (CBI) has registered separate cases against two Reliance Anil Dhirubhai Ambani (ADA) Group companies, Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL), on charges of bank loan fraud. Among the accused in one case is his son, Jai Anmol Ambani.

On Tuesday, the agency conducted searches on the premises of Mr. Jai Anmol and other accused persons in Mumbai and Pune.

In the two cases, total alleged loan defaults involving all the lenders is worth ₹14,852 crore. One First Information Report is against RHFL, its promoters or directors, and unknown bank officials, based on a complaint from Union Bank of India, alleging criminal conspiracy, cheating, and criminal misconduct, and wrongful loss of ₹228.06 crore.