- Re-interrogation of Jai Anmol Ambani
- 228 crore bank scam case
- What exactly is the matter regarding Reliance Housing Finance Limited
CBI in connection with Union Bank of India scam of Rs. 228 crore Anil Ambani His son Jai Anmol Ambani was interrogated, officials said. Jai Anmol Ambani has also been summoned for questioning on Saturday, he said. According to officials, the agency probed him in connection with an alleged bank scam, in which a case has been registered against him, former CEO and former whole-time director of Reliance Housing Finance Ltd Ravindra Sudhakar, among others.
An immediate response was not available from the company. On December 9, 2025, the agency Jai Anmol, Anil Ambani and registered an FIR against others, following which a search was conducted at Jai’s residence. The CBI acted on a complaint from Union Bank of India (then Andhra Bank), which alleged that the company had defaulted on loans from the bank, which turned the account into a non-performing asset (NPA) in 2019.
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FIR filed
The FIR was filed based on a complaint filed by Union Bank of India, alleging criminal conspiracy, fraud and criminal misconduct which caused wrongful loss of ₹228.06 crore to the bank.
Investigators revealed that the loan account of Reliance Home Finance Limited, a Reliance ADA Group company, was declared a non-performing asset (NPA) on September 30, 2019. Then on 10 October 2024 Union Bank of India classified the account as fraudulent.
How many banks have taken loans?
According to the agency, the company had borrowed ₹5,572.35 crore from 18 banks, financial institutions, non-financial institutions and corporations, including Union Bank of India. The CBI is probing the allegations that the accused company defrauded several borrowers.
As part of the investigation, after obtaining a search warrant from a special CBI court, the agency conducted raids on 9 December 2025 at two official premises of Reliance Home Finance Limited and the residential premises of Jai Anmol Ambani and Ravindra Sudhalkar in Mumbai. Officials said several incriminating documents were seized during the search. The bank fraud allegations are currently under investigation.
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How much is the loan?
According to the agency, it was officially declared a fraudulent account on October 10, 2024. As RHFL owes ₹5,572.3 crore to a consortium of 18 banks, financial institutions and companies, the investigation could extend beyond a single bank. Anil Ambani, once considered one of the richest men in the country, claims that his net worth has come down to zero.
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