CBI Interrogates Jai Anmol Ambani in Major Bank Fraud Investigation

In a significant development, Jai Anmol Ambani, son of Anil Ambani, is being questioned by the CBI regarding a Rs 228 crore fraud case linked to the Union Bank of India. The investigation involves allegations of non-repayment of loans, leading to the account being marked as a non-performing asset. The CBI has already conducted searches at Ambani's residence and plans to continue its inquiries. This case also implicates former executives of Reliance Housing Finance. Stay tuned for more updates on this unfolding story.

By Narendra Chaudhary Mar 13, 2026, 18:05 IST

Investigation into Alleged Fraud

New Delhi: The Central Bureau of Investigation (CBI) has summoned Jai Anmol Ambani, the son of industrialist Anil Ambani, for questioning regarding a significant fraud case involving Rs 228 crore linked to the Union Bank of India, as reported by officials.

The questioning is set to continue, with Jai Anmol Ambani expected to return for further inquiries on Saturday.

This investigation pertains to an alleged bank fraud where he is implicated alongside Ravindra Sudhakar, the former CEO and whole-time director of Reliance Housing Finance Limited, among others.

As of now, there has been no official statement from the company regarding this matter.

On December 9, 2025, the CBI executed searches at Jai Anmol Ambani's residence following the registration of a First Information Report (FIR) against him and several others.

The CBI's actions were prompted by a complaint from the Union Bank of India (previously Andhra Bank), which claimed that the company failed to repay the loan it had taken, resulting in the account being classified as a non-performing asset in 2019.