{"id":5599,"date":"2025-08-24T02:36:32","date_gmt":"2025-08-24T02:36:32","guid":{"rendered":"https:\/\/jobuzo.com\/en\/indias-federal-investigator-opens-criminal-case-against-anil-ambani-his-company\/"},"modified":"2025-08-24T02:36:32","modified_gmt":"2025-08-24T02:36:32","slug":"indias-federal-investigator-opens-criminal-case-against-anil-ambani-his-company","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/indias-federal-investigator-opens-criminal-case-against-anil-ambani-his-company\/","title":{"rendered":"India’s federal investigator opens criminal case against Anil Ambani, his company"},"content":{"rendered":"
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Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, attends the company’s annual general meeting in Mumbai, India, September 30, 2019. — Reuters<\/figcaption><\/figure>\n<\/div>\n

MUMBAI: India’s federal investigating agency said on Saturday it had opened a criminal case against industrialist Anil Ambani and his company Reliance Communications Ltd (RLCM.NS), opens new tab following a complaint by India’s largest bank about alleged fraud.<\/p>\n

State Bank of India (SBI) alleged that Anil Ambani, the younger brother of billionaire Mukesh Ambani, and Reliance Communications defrauded the bank, causing 30 billion Indian rupees ($344 million) of losses.<\/p>\n

India’s Central Bureau of Investigation conducted search operations in Mumbai at Anil Ambani’s house and the offices of the now insolvent Reliance Communications, the agency said in a press statement.<\/p>\n

A spokesperson for Ambani told Reuters<\/em> that the searches at his residence concluded early this afternoon. “Mr Ambani strongly denies all allegations and charges, and will duly defend himself,” the spokesperson said.<\/p>\n

The agency said Anil Ambani and his company misused and diverted bank funds for purposes other than what was agreed.<\/p>\n

An email query to SBI was not answered immediately.<\/p>\n

News :<\/span><div>12 weeks' jail for school IT support technician who took upskirt videos of teachers<\/div><\/span><\/a><\/div>

Last month, India’s Enforcement Directorate also searched 35 locations linked to Reliance Group as part of an investigation into alleged money laundering and siphoning of public funds, a government source told Reuters.<\/p>\n

Reliance Group did not respond to a request for comment at the time, but a source at the group denied the allegations.<\/p>\n<\/div>\n

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India’s federal investigator opens criminal case against Anil Ambani, his company<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, attends the company’s annual general meeting in Mumbai, India, September 30, 2019. — Reuters MUMBAI: India’s federal investigating agency said on Saturday it had opened a criminal case against industrialist Anil Ambani and his company Reliance Communications Ltd (RLCM.NS), opens new tab following a complaint…<\/p>\n

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