CBI Books Anil Ambani’s Son Jai Anmol in Rs 228 Crore Bank Fraud Case
Central bureau of investigation (CBI) has launched a multi-pronged probe into alleged bank frauds involving companies of the Reliance Anil Dhirubhai Ambani (ADA) group, registering separate first information reports (FIRs) and carrying out searches in Mumbai and Pune including at the residence of Jai Anmol Ambani, son of industrialist Anil Ambani in connection with suspected fund diversion and financial misconduct.
It has booked Jai Anmol Ambani and Reliance Home Finance Ltd (RHFL) for allegedly cheating Union Bank of India to the tune of Rs 228 crore, based on a detailed complaint filed by the Union Bank of India (in which the original lender Andhra Bank merged). The FIR also names former RHFL director Ravindra Sharad Sudhakar and unidentified public officials. Copy of the FIR dated 06.12.2025 is attached as Annexure-A.
According to the complaint, Union Bank had sanctioned Rs 450 crore in credit limits to RHFL for business operations, subject to strict financial discipline, timely repayment and transparent routing of sale proceeds. RHFL allegedly defaulted on repayments, following which the account was classified as a non-performing asset on 30 September 2019. Copies of Sanction letters dated 21.02.2015 and 29.05.2015 are attached as Annexure-B & Annexure-C, respectively. In this regard, RHFL also signed a Deed of Hypothecation on 24.03.2017 (Annexure-4), which it filed on MCA web site on 20.04.2017.
The latest actions, especially CBI’s case naming Anil Ambani’s son, signal an intensifying regulatory focus on corporate governance failures and suspected fund diversion within distressed financial services companies of the Reliance ADA group.
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