New Delhi

The Central Bureau of Investigation on Friday questioned industrialist Anil Ambani for the second straight day in connection with an alleged Rs 2,929-crore fraud case linked to Reliance Communications (RCom).

According to officials, Ambani reached the agency’s headquarters around 10 am as part of the ongoing probe, which stems from a complaint filed by the State Bank of India.

During the questioning on Thursday, investigators reportedly sought his clarification on allegations of fund diversion, misappropriation, and other irregularities related to loans extended to the company. A spokesperson for Ambani had said his appearance was in line with his commitment to fully cooperate with investigative agencies.

The case was registered by the CBI in August last year, accusing Ambani and RCom of allegedly cheating the bank to the tune of Rs 2,929 crore. As per the complaint, the company had total outstanding dues exceeding Rs 40,000 crore to multiple lenders, with SBI alone incurring significant losses based on 2018 figures.

The agency has alleged that the accused, acting in conspiracy, misrepresented facts to secure credit facilities from the bank. Charges include criminal conspiracy, cheating, and criminal breach of trust.

Responding to the allegations earlier, Ambani’s spokesperson said he has denied all charges and will contest them legally. The spokesperson also noted that the issues raised in the complaint date back over a decade, when Ambani was serving as a non-executive director and was not involved in the company’s day-to-day operations.

Sources indicated that the probe agency had also conducted searches at Ambani’s Mumbai residence, ‘Sea Wind’, located in Cuffe Parade.

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The matter is currently under judicial consideration before the National Company Law Tribunal and other courts, including the Supreme Court of India. Ambani has challenged the bank’s actions before the appropriate legal forums, his spokesperson added.