CBI raids Anil Ambani's Mumbai home in Rs 17,000-crore loan fraud case
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| Updated On: 23-Aug-2025 @ 12:38 pmSHARE
The Central Bureau of Investigation (CBI) has intensified its probe into an alleged massive bank fraud case involving industrialist Anil Ambani and his companies, pegged at around ₹17,000 crore. On Saturday morning, CBI officials conducted searches at Ambani’s Mumbai residence, located at Seawind in Cuffe Parade. The raids reportedly began at 7 am, when a team of around seven to eight officials entered the premises. Anil Ambani and his family were present at home during the search operations, which continued for several hours. The CBI’s action is a part of its broader investigation into the alleged fraud and follows growing scrutiny of companies associated with the Reliance ADA Group, controlled by Ambani. This development is significant because it indicates the expansion of the CBI’s probe into one of the largest suspected loan fraud cases in India. The case is connected with allegations that Anil Ambani’s group companies defrauded banks through questionable loans and possible fund diversions. The ₹17,000-crore figure highlights the scale of the suspected fraud, making it one of the most high-profile financial crime investigations in recent years. Prior to the CBI raid, the Enforcement Directorate (ED) had already taken steps to deepen its own investigation into the same case. On August 4, the ED broadened its money-laundering probe under the Prevention of Money Laundering Act (PMLA). This move followed earlier summons issued to Anil Ambani himself, signaling that investigative agencies were focusing not only on the companies involved but also on Ambani’s direct role and responsibility in the alleged fraud. In the days following Ambani’s questioning, the ED summoned several of his top executives to appear for questioning. Among them were two of Ambani’s closest aides—Amitabh Jhunjhunwala and Sateesh Seth. Both are considered senior figures within Ambani’s corporate empire and are widely believed to have played critical roles in the group’s financial operations. Their inclusion in the probe underlines the seriousness of the agencies’ efforts to uncover the mechanisms of the alleged fraud and the possible misuse of loan funds. So far, according to officials, at least six summons have been issued to Ambani’s executives. These senior aides had already drawn the attention of the ED during earlier searches at multiple premises linked to Ambani’s business network. This suggests that investigative agencies have been piecing together evidence not only through questioning but also through the examination of seized documents and financial records. The coordinated efforts of the CBI and the ED demonstrate the government’s determination to pursue the case at multiple levels—criminal investigation of fraud and the parallel money-laundering probe. The two-pronged approach indicates that investigators suspect both fraudulent bank loan practices and subsequent attempts to launder the illicitly obtained money. Overall, the CBI raid on Ambani’s home represents a turning point in the case, as it moves beyond document collection to direct action targeting one of India’s most high-profile business tycoons. Alongside ED’s summons to key executives, the developments suggest that both agencies are closing in on unraveling a potentially complex financial scandal involving the Reliance ADA Group.