New ₹1,085 crore fraud case registered against Anil Ambani:Report filed on Punjab National Bank’s complaint; fraud occurred between 2013 and 2017

The Central Bureau of Investigation (CBI) has registered a new fraud case against former Reliance Communications (RCom) director Anil Ambani and others. According to ANI, this action was taken based on a complaint by Punjab National Bank (PNB). The bank alleges that Anil Ambani and his company committed fraud of Rs 1,085 crore with the bank between 2013 and 2017. CBI has registered an FIR in this case under IPC sections 420 (fraud) and 120B (criminal conspiracy). Misuse of funds taken from PNB and United Bank of India Fraud case was also registered in February
Earlier in February, CBI had registered a new fraud case against Anil Ambani and his company Reliance Communications (RCOM). The investigating agency alleges that Anil Ambani and his company committed fraud of more than Rs 2,220 crore with Bank of Baroda (BoB) between 2013 and 2017. Properties worth ₹15,000 crore attached
The Enforcement Directorate (ED) has attached (seized) ‘Abode’, the Mumbai bungalow of Reliance Group Chairman Anil Ambani. According to PTI, it is valued at approximately ₹3,716 crore. Several properties of Anil Ambani have already been attached in the bank fraud case. The attached properties are located in cities like Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, Kanchipuram and East Godavari. These include residential units, office spaces and land parcels. Properties worth about ₹15,000 crore have been attached so far. This action has been taken under the Prevention of Money Laundering Act (PMLA). The case is related to alleged bank fraud committed by his group company Reliance Communications (RCOM). Anil Ambani is under investigation in a bank fraud case worth ₹40,000 crore.