New Delhi: industrial and commercial bank Jai Anmol Ambani on Friday investigated the alleged Rs 228-crore bank fraud involving Reliance Home Finance Ltd. (RHFL). The son of industrialist Anil Ambani turned up at the Delhi headquarters of India’s Central Bureau of Investigation (CBI), where investigators examined him for about six hours. After a lengthy meeting, officials directed him to reappear in court on Saturday for further questioning while the agency continues to investigate alleged financial irregularities, an agency spokesman said.
The case was officially registered on December 6, 2025, naming RHFL, Jai Anmol Anil Ambani, former CEO Ravindra Sudhalkar and several public servants and individuals. The legal action stems from a complaint by Union Bank of India (formerly e-Andhra Bank) alleging criminal conspiracy, fraud and criminal misconduct resulting in a loss of Rs 228 crore. The agency said that while the RHFL account was classified as a non-performing asset (NPA) in September 2019, it was officially declared as a “fraudulent” account on October 10, 2024. The scope of the investigation goes beyond a single bank, with RHFL reportedly owing a consortium of 18 banks, financial institutions and corporate bodies a total of Rs 5,572.3 crore. Friday’s questioning follows a series of raids in Mumbai on December 9, 2025. Investigators had previously searched the official premises of RHFL and the residences of Ambani and Sudarkar and seized several incriminating documents.
