The CBI questioned Anil Ambani for eight hours in connection with a ₹2,929 crore bank fraud case. Initiated following a complaint by SBI, the case involves allegations of fund diversion and fraud. The investigation is ongoing, and Ambani has pledged his cooperation.
Anil Ambani is in trouble (Source: Internet)
New Delhi: The Central Bureau of Investigation (CBI) questioned industrialist Anil Ambani for approximately eight hours. This case pertains to an alleged bank fraud amounting to ₹2,929 crore, in which Reliance Communications and other entities have been accused, reports Dynamite News correspondent.
The entire matter began following a complaint filed by the State Bank of India (SBI). The bank alleges that the company secured loans by providing false information and subsequently misappropriated the funds. According to reports, the company's total outstanding debt exceeded ₹40,000 crore, of which SBI alone incurred a loss of ₹2,929 crore.
Anil Ambani arrived at the CBI headquarters around 10:15 AM, and the questioning continued until 6:15 PM. During this session, the agency posed numerous questions regarding the company's decisions, emails, and the utilization of funds. The CBI has also directed him to appear again the following day.
According to the CBI, the accused face serious charges, including criminal conspiracy, fraud, and criminal breach of trust. The agency is also investigating whether the loan proceeds were diverted for use elsewhere (fund diversion).
A statement issued on behalf of Anil Ambani asserts that he refutes all allegations and will extend his full cooperation with the investigation. He maintains that the case is quite old and has been pending in court for several years.
The CBI's questioning makes it clear that the investigation is still ongoing, and further revelations may emerge in the coming days. This case is regarded as one of the major banking fraud cases in the country.
