New Delhi

The Central Bureau of Investigation (CBI) on Thursday questioned industrialist Anil Ambani in connection with an alleged cheating case worth ₹2,929 crore involving Reliance Communications and the State Bank of India (SBI), officials said.

Ambani appeared at the agency’s headquarters in New Delhi for interrogation as part of the ongoing probe. The case pertains to allegations of fund diversion, misuse of loan money, and other financial irregularities linked to credit facilities extended by SBI to the company.

According to officials, the CBI had registered a case against Ambani and Reliance Communications in August last year based on a complaint by SBI, which alleged a loss of ₹2,929.05 crore. The complaint also noted that the company owed over ₹40,000 crore to multiple lenders as per 2018 data.

The investigating agency has accused the company and its officials of criminal conspiracy, cheating, and breach of trust, claiming that loans were obtained through misrepresentation.

In response, a spokesperson for Ambani stated that he is cooperating fully with the investigation and is appearing before the CBI on March 19 and 20 in connection with the FIR. The statement also maintained that Ambani denies all allegations and will contest them legally.

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The spokesperson added that the matter relates to issues dating back over a decade and is currently sub judice before the National Company Law Tribunal and other judicial forums, including the Supreme Court. It was also clarified that Ambani was a non-executive director at the time and was not involved in the company’s day-to-day operations.