CBI raids Anil Ambani’s Mumbai home in Rs 17,000-crore loan fraud case

In relation to a Rs 3,073 crore bank fraud case, the Central Bureau of Investigation (CBI) searched industrialist Anil Ambani’s Mumbai home early on Saturday.

Around seven in the morning, officials arrived at Ambani’s home on Seawind, Cuffe Parade. Sources said that “seven to eight officials” showed up at the location and have been conducting the search ever since. While the searches are being conducted, Ambani and his family remain at the house. Based on a fraud accusation from State Bank of India (SBI), the CBI filed a new FIR against Anil Ambani, his companies, and others. In Delhi, the FIR has been filed.

SBI said in its case that Anil Ambani’s Reliance Communications Limited (RCOM) had committed a total fraud of Rs 3,073 crore. The bank had previously filed a complaint with the CBI on January 5, 2021, after classifying the account and its promoters, including Anil D. Ambani, as “fraud” on November 10, 2020. However, on January 6, 2021, the Delhi High Court issued a “status quo” judgment, which resulted in the complaint being returned.

The bank altered the account’s fraud classification in accordance with a March 2023 Supreme Court judgment in a separate case. On July 15, 2024, the account was once more categorized as “Fraud” when the fraud categorization procedure was repeated.

After SBI informed the Reserve Bank of India (RBI) of the fraud categorization on June 24, 2025, the CBI filed a formal complaint in the matter.

In addition to this case, Anil Ambani is still being investigated in a number of bank fraud cases by the Enforcement Directorate (ED) and the CBI. Sources claim that his commercial firms have committed more than Rs 17,000 crore in fraud overall.