In a major escalation, the CBI has raided Anil Ambani’s Mumbai residence and linked premises after SBI filed an FIR alleging ₹3,073 crore fraud by Reliance Communications.

CBI Conducts Raid on Anil Ambani’s Mumbai Property in ₹3,073-Crore SBI Loan Fraud Case

Overview of the Operation

On August 23, 2025, the Central Bureau of Investigation (CBI) executed a raid at Seawind, Cuffe Parade, the residence of industrialist Anil Ambani, in connection with a high-stakes bank loan fraud case. The operation commenced early morning, with officials conducting searches. An FIR has now been filed against Ambani, his business entities, and others, following a formal complaint by State Bank of India (SBI).

Background and SBI’s Allegations

SBI’s complaint alleges fraud totaling ₹3,073 crore involving Reliance Communications Limited (RCOM) and its promoter-director, Anil Ambani. The account and promoters were officially classified as “fraud” on June 13, 2025, under RBI fraud-risk guidelines and SBI’s internal policies. In line with regulatory norms, the bank disclosed this classification to the Bombay Stock Exchange on July 1, 2025.

Loan Exposure Details

SBI’s total exposure includes:

Fund-based loans: Principal amount of ₹2,227.64 crore, plus accumulated interest and expenses since August 26, 2016.
Non-fund-based exposure: Bank guarantees amounting to ₹786.52 crore.

RCOM is currently under the Corporate Insolvency Resolution Process (CIRP) as per the Insolvency and Bankruptcy Code, 2016. A resolution plan has been approved by the Committee of Creditors and filed with the NCLT, Mumbai, but final approval remains pending. Additionally, SBI has initiated a Personal Insolvency Resolution Process against Anil Ambani.

Broader Investigations by ED and CBI

This CBI probe is the latest in a series of investigations targeting Anil Ambani’s business empire. Earlier, the Enforcement Directorate (ED) ramped up its scrutiny, probing allegations of money laundering and fake bank guarantees related to a ₹17,000 crore loan fraud case. This includes suspicious transactions involving Yes Bank and inter-company fund movements.

Implications and Next Steps

The CBI is collecting evidence—from documents to digital records—across multiple locations tied to Ambani and ADAG. The financial and legal fallout could be significant for Ambani, especially given RCOM’s insolvency proceedings. Additionally, SBI’s classification bars further borrowing from regulated institutions for five years.

The coming days may see summons for Ambani and top executives, along with intensified coordination between investigative agencies.

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