Overview

• The Enforcement Directorate registered an ECIR based on a CBI FIR that accuses Reliance Communications, Anil Ambani, unknown public servants and others of causing a ₹2,929.05 crore loss to SBI.
• Investigators have sought records from nearly 20 banks and have questioned senior Reliance Group executives, including former aide Amitabh Jhunjhunwala.
• CBI searches were conducted at Ambani’s Mumbai residence and RCom offices after the agency filed its case on August 21.
• Multiple lenders have escalated actions, with SBI classifying the account as fraud on June 13, Bank of India following on August 24, Bank of Baroda acting in early September, and Central Bank of India now issuing a show‑cause notice to RCom.
• Ambani’s spokesperson denies wrongdoing, citing his past non‑executive role and ongoing insolvency proceedings for RCom before the NCLT.