CBI Interrogates Jai Anmol Ambani in Major Bank Fraud Investigation
Synopsis
The CBI has summoned Jai Anmol Ambani, son of industrialist Anil Ambani, for questioning in a significant bank fraud case involving Rs 228 crores linked to Reliance Home Finance Ltd. This ongoing investigation has raised serious allegations against key figures in the finance sector.
Key Takeaways
Jai Anmol Ambani interrogated for 6.5 hours by CBI.
Involved in Rs 228 crore bank fraud case.
Complaints stem from Union Bank of India .
Searches conducted at multiple properties.
Ongoing investigation into serious financial misconduct.
New Delhi, March 13 (NationPress) The Central Bureau of Investigation (CBI) interrogated Jai Anmol Anil Ambani, son of Anil Ambani, on Friday regarding the Rs 228 crore bank fraud case tied to Reliance Home Finance Ltd (RHFL).
As a suspect in this case, Jai Anmol faced questioning for approximately 6.5 hours by CBI officials at their headquarters in the capital city.
He is scheduled to return for additional questioning before the investigating officer on Saturday.
The CBI lodged the case on December 6, 2025, related to this bank fraud, implicating Reliance Home Finance Ltd., Jai Anmol Anil Ambani, Ravindra Sudhalkar, and other unidentified individuals, including public servants.
The investigation was prompted by a complaint from the Union Bank of India, which accused the involved parties of criminal conspiracy, cheating, and criminal misconduct, resulting in a significant financial loss of Rs 228.06 crore to the bank.
On September 30, 2019, the account of RHFL was classified as a non-performing asset (NPA) and, subsequently, as a fraud on October 10, 2024, by the Union Bank of India.
RHFL had borrowed a total of Rs. 5572.35 crores from 18 banks, financial institutions, non-banking financial companies (NBFCs), and corporate entities, including Union Bank of India. The CBI is conducting a comprehensive inquiry into the allegations of fraud against all lenders.
On December 9, 2025, the CBI, having obtained search warrants from the Special Judge for CBI in Mumbai, conducted searches at two official locations of Reliance Home Finance Ltd., as well as at the residences of Jai Anmol Ambani, the former director of RHFL, and Sudhalkar, the ex-CEO and whole-time director of RHFL. Several incriminating documents were seized during these searches.
Point of View
The implications extend beyond individual accountability to broader issues of corporate governance and financial integrity in India.
NationPress
29 Jun 2026
Frequently Asked Questions
What is the Rs 228 crore bank fraud case about?
The Rs 228 crore bank fraud case involves allegations of criminal conspiracy and misconduct linked to Reliance Home Finance Ltd. and several key individuals, including Jai Anmol Ambani.
Why was Jai Anmol Ambani interrogated by the CBI?
Jai Anmol Ambani was interrogated by the CBI as part of their investigation into serious allegations of fraud and misconduct in connection with Reliance Home Finance Ltd.
What actions has the CBI taken in this investigation?
The CBI has conducted extensive questioning, obtained search warrants, and executed searches at multiple premises linked to Reliance Home Finance Ltd. and its associates.
What was the outcome of the bank's investigation into RHFL?
The Union Bank of India classified RHFL's account as a non-performing asset on September 30, 2019, and later declared it a fraud on October 10, 2024.
How much money is involved in the allegations against RHFL?
The allegations against RHFL involve a financial loss of Rs 228.06 crores to the Union Bank of India.
