Overview

• The CBI registered an FIR on 21 August against Reliance Communications, Anil D. Ambani, and others, citing an alleged wrongful loss of Rs 2,929.05 crore to SBI.
• Search warrants were obtained on 22 August, and teams carried out searches on 23 August at Ambani’s Mumbai residence and at RCom-linked premises.
• SBI’s complaint, filed by a deputy general manager on 18 August, followed its June fraud report to the RBI and details exposure of about Rs 3,000 crore including bank guarantees.
• Allegations in the FIR include misrepresentation to obtain credit, diversion of loan funds via inter‑company transfers, invoice financing misuse, and creation or write‑off of fictitious debtors.
• A separate ED money‑laundering probe examining larger alleged loan diversions continues, while Ambani denies wrongdoing, notes he was a non‑executive director during the period, and says he will contest the actions.