Anil Ambani appears before CBI for second day of questioning:Interrogation going on in ₹2,929 crore SBI fraud case

RADA Group, chairman, Anil Ambani arrived at the CBI headquarters in Delhi for the second day of questioning on Friday, 20 March, 2026 in connection with the ₹2,929 crore bank fraud case related to Reliance Communications Limited (RCOM). Earlier on Thursday, investigating officers had questioned him for about 8 hours. This entire proceeding is being conducted based on an FIR registered on SBI’s complaint. CBI has registered this criminal case against Reliance Communications Limited, Anil Ambani, and some unknown public servants. This case originated from an SBI complaint on August 18, 2025. SBI leads the consortium of banks that had given loans to the company. This group includes major names like Bank of India, Union Bank, Canara Bank, and IDBI. Forensic audit reveals funds were diverted elsewhere According to the investigating agency, this case is based on a forensic audit report. The report alleges that between 2013 and 2017, the loan amount was misused on a large scale. The audit revealed that loan funds were circulated among other institutions of the group. Due to this manipulation, SBI alone suffered a loss of ₹2,929.05 crore. The total exposure of 17 public sector banks including SBI is ₹19,694.33 crore. PNB and Bank of Baroda also filed separate complaints Anil Ambani’s troubles are not limited to just one case. After SBI, CBI has received separate complaints from banks like Punjab National Bank (PNB), Bank of India, IDBI and Bank of Maharashtra. Bank of Baroda case: Another case was registered on February 25, which includes dues of e-Dena Bank and e-Vijaya Bank. PNB case: In another case registered on March 5, along with Anil Ambani, director Manjari Ashok Kakar is also named. This involves money stuck from e-United Bank of India. Important documents were found during raids at Mumbai office and residence CBI had started action in August 2025 itself considering the seriousness of this case. Search warrants were obtained from the Special Judge (CBI) and searches were conducted at two offices of Reliance Communications in Mumbai and Anil Ambani’s residential premises. The investigating agency claims that several objectionable documents were seized during that time, based on which interrogation is now ongoing. What is the complete RCOM dispute? Reliance Communications was once a telecom sector giant, but due to heavy debt and business losses, it reached the brink of bankruptcy. Banks allege that instead of repaying loans, the company mismanaged funds. Currently, CBI is trying to find out if bank officials were also complicit in this entire process.