NEW DELHI: The Central Bureau of Investigation (CBI) on Saturday registered an FIR and conducted searches at premises linked to Reliance Communications (RCOM) and its Promoter Director Anil Ambani in connection with an alleged large-scale bank fraud, officials told news agency PTI.A CBI team from Delhi carried out early morning searches at Ambani’s residence in Mumbai. Anil Ambani, his wife, and their children were present at home when the team arrived.The case involves an alleged fraud that resulted in a loss of Rs 2,000 crore to the State Bank of India.The raid comes following a complaint by the State Bank of India (SBI), which classified the company and its promoter as ‘fraud’ on June 13. The classification was in line with RBI’s Master Directions on Fraud Risk Management and the bank’s own policy framework.

“On June 24, 2025, the bank reported classification of fraud to RBI, and is also in the process of lodging complaint with CBI,” Minister of state for finance Pankaj Chaudhary had informed the Lok Sabha in a written reply last month.SBI’s credit exposure to RCom includes a fund-based principal of Rs 2,227.64 crore, plus accrued interest since 26 August 2016, along with a non-fund-based bank guarantee of Rs 786.52 crore.RCom is currently undergoing Corporate Insolvency Resolution under the Insolvency and Bankruptcy Code (IBC), with the resolution plan awaiting approval from the NCLT Mumbai.The bank has also initiated a personal insolvency process under the IBC against Ambani.The raids comes after the Enforcement Directorate (ED) on August 5, questioned Ambani for nearly 10 hours, in a money laundering probe related to multiple bank loan frauds involving over Rs 17,000 crore. As per sources quoted by PTI, Ambani had sought 10 days to submit documents, but investigators remain unconvinced. The ED suspects irregularities in loans granted by Yes Bank and possible diversion of funds through shell companies.