After registering the case, CBI searched Anil Ambani's residence and RCOM offices and found documents related to loan transactions with Bank of Baroda.
Nidhi | Feb 27, 2026 |
CBI Registers Case Against Anil Ambani and RCOM, Bank of Baroda Claims Rs 2,220 Crore Loss
The Central Bureau of Investigation (CBI) has registered a new case against Reliance Communications (RCOM) and Anil Ambani following a complaint from Bank of Baroda on 24th February 2026.
The complaint covers allegations of cheating, conspiracy under the IPC, criminal misconduct and misuse of official position under the Prevention of Corruption Act.
After registering the case, CBI searched Anil Ambani’s residence and RCOM offices and found documents related to loan transactions with Bank of Baroda.
Earlier, CBI had already registered a case against RCOM based on a complaint by State Bank of India (SBI), which is leading a group of 11 banks. Bank of Baroda was not included in this group.
The current case is different, as it involves loans taken from Bank of Baroda along with Vijaya Bank and Dena Bank, which are now merged with Bank of Baroda.
The Bank of Baroda has claimed that it incurred a loss of over Rs 2,220 crores because loans taken by RCOM were allegedly diverted and misused through fake transactions with related parties. RCOM’s books of accounts were also allegedly manipulated to hide these irregularities.
The account was already declared as a Non-Performing Asset (NPA) in 2017, but Anil Ambani was granted a stay on the declaration of the accounts as fraudulent by the Bombay High Court. The stay was cancelled on 23rd February 2026, after which Bank of Baroda filed the complaint.
As per CBI, the investigation is still ongoing.
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