After ED, now CBI raids premises linked to Anil Ambani in Rs 2,000-crore bank fraud case



The Central Bureau of Investigation on Saturday filed a case against Reliance Communications and conducted searches at its premises in connection with an alleged bank fraud that caused a loss of over Rs 2,000 crore to the State Bank of India, officials said, according to PTI.

Officials added that the agency is conducting searches at locations linked to Reliance and Anil Ambani.

The entities were classified as fraud on June 13 in accordance with the RBI’s Master Directions on Fraud Risk Management and Bank’s Board-approved Policy on Classification, Reporting & Management of Frauds, Minister of State for Finance Pankaj Chaudhary had said in a written reply in the Lok Sabha last month.

(With PTI inputs)

Mahender Singh Manral is an Assistant Editor with the national bureau of The Indian Express. He is known for his impactful and breaking stories. He covers the Ministry of Home Affairs, Investigative Agencies, National Investigative Agency, Central Bureau of Investigation, Law Enforcement Agencies, Paramilitary Forces, and internal security.

Prior to this, Manral had extensively reported on city-based crime stories along with that he also covered the anti-corruption branch of the Delhi government for a decade. He is known for his knack for News and a detailed understanding of stories. He also worked with Mail Today as a senior correspondent for eleven months. He has also worked with The Pioneer for two years where he was exclusively covering crime beat.

During his initial days of the career he also worked with The Statesman newspaper in the national capital, where he was entrusted with beats like crime, education, and the Delhi Jal Board. A graduate in Mass Communication, Manral is always in search of stories that impact lives. … Read More

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