The Central Bureau of Investigation (CBI) has registered a case against Reliance Communications (RCOM) and carried out searches at its premises, including locations linked to its Promoter Director Anil Ambani, in connection with an alleged bank fraud of over Rs 2,000 crore involving the State Bank of India (SBI), officials said on Saturday, August 23.
According to officials, the entities were declared fraudulent on June 13 under the Reserve Bank of India’s Master Directions on Fraud Risk Management and SBI’s Board-approved policy on classification, reporting, and management of frauds.
Minister of State for Finance Pankaj Chaudhary had earlier informed the Lok Sabha that SBI reported the fraud classification to the RBI on June 24, 2025, and was in the process of filing a formal complaint with the CBI.
