The Central Bureau of Investigation (CBI) on Saturday carried out searches at premises linked to Reliance Communications (RCOM) and its former promoter Anil Ambani in connection with an alleged large-scale bank fraud, officials said. An FIR has also been registered in the matter.
The raids come shortly after the Enforcement Directorate (ED) questioned Ambani for nearly 10 hours on August 5 in a money laundering case tied to multiple bank loan frauds worth over ₹17,000 crore. According to sources, Ambani had sought 10 days to submit relevant documents, but investigators reportedly remain unconvinced.
The ED suspects irregularities in loans sanctioned by Yes Bank and possible diversion of funds through shell companies. Both agencies are probing the financial transactions as part of a broader investigation into alleged fraud and money laundering involving RCOM.
This is a developing story. More details are awaited.