Mumbai

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

Ambani appeared at the agency’s headquarters in New Delhi as part of the ongoing probe. The case pertains to alleged diversion and misuse of loan funds extended to Reliance Communications Ltd, along with other financial irregularities.

In a statement, Ambani’s spokesperson said he would be present before the CBI on March 19 and 20 in connection with the FIR filed on SBI’s complaint, reiterating his commitment to fully cooperate with investigating authorities.

The agency had registered the case in August last year, accusing Ambani and the company of defrauding SBI of over ₹2,929 crore. As per the bank’s complaint, Reliance Communications had total outstanding dues exceeding ₹40,000 crore to multiple lenders, with SBI bearing significant losses.

The CBI has invoked charges of criminal conspiracy, cheating, and breach of trust, alleging that the accused misrepresented facts to secure credit facilities.

Ambani, however, has denied all allegations and said he will contest them legally. His office also stated that the matter relates to transactions over a decade old and is currently pending before judicial bodies, including the National Company Law Tribunal and the Supreme Court.

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It was further clarified that Ambani was a non-executive director at the time and not involved in the company’s day-to-day operations.