First ED snatched the house, now CBI tightened its grip on Anil Ambani, know the whole matter

Taking a major action in the money laundering case, the Enforcement Directorate (ED) has attached industrialist Anil Ambani’s 17-storey Mumbai house ‘Abode’. This action was taken in connection with a case of alleged bank fraud and Reliance Communications (RCOM). Now the Central Bureau of Investigation (CBI) has now registered two FIRs. In these, Anil Ambani, Reliance Communications and others have been made accused.

A day after his 17-storey Pali Hill house ‘Abode’ was attached, industrialist Anil Ambani reached the ED headquarters in Delhi on Thursday. He did not appear on the pre-arranged date. After this he was given a new date. He asked for permission to appear virtually, but the agency refused. According to officials, the estimated price of this approximately 66 meter high property in Pali Hill is Rs 3,716.83 crore.

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According to sources, this action has been taken under the Prevention of Laundering Act (PMLA). Till now, assets worth about Rs 15,700 crore have been attached in this case. The investigating agency may call Anil Ambani again for questioning in Delhi. Earlier, he was questioned under PMLA in August 2025.

Why did CBI file FIR?

CBI registered this case on the basis of Bank of Baroda’s complaint dated 24 February 2026. CBI says that Bank of Baroda has suffered a loss of more than Rs 2,220 crore. It is alleged that instead of using the loan taken by Reliance Communications from the bank for proper use, the money was spent elsewhere by showing fake transactions with the companies associated with it. Not only this, the account books of the company were also manipulated, so that the irregularities could be hidden.

This loan account was declared NPA in 2017. However, Anil Ambani filed a petition in the Bombay High Court, which later stayed the declaration of the account as a fraud. The High Court lifted the ban on 23 February 2026. Soon after, Bank of Baroda filed a complaint and the CBI registered a case.

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Earlier, CBI had registered a case against Reliance Communications on the basis of the complaint of State Bank of India (SBI). At that time SBI was the lead bank in the group of 11 banks. However, Bank of Baroda was not part of that group. This new case is related to different loans which Reliance Communications had taken from Bank of Baroda, Vijaya Bank and Dena Bank. Vijaya Bank and Dena Bank later merged into Bank of Baroda.

Other agencies also active

State Bank of India (SBI) declared RCOM and Anil Ambani as fraud under RBI regulations. The total exposure of the bank is estimated to be more than Rs 3,000 crore. This matter has been reported to the Reserve Bank of India (RBI). Meanwhile RCOM is going through the insolvency process and the case is pending in the National Company Law Tribunal (NCLT). Minister of State for Finance Pankaj Choudhary had informed in Parliament that SBI has also started personal insolvency process against Ambani.