CBI probes ₹2,220 crore loan fraud at Reliance Communications, targeting Anil Ambani after court lifted stay.

Alleging a ₹2,220 crore loan scam involving the Bank of Baroda, the Central Bureau of Investigation (CBI) has opened a new fraud case against Anil Ambani and Reliance Communications. The investigation comes after the bank filed a complaint after the Bombay High Court, on February 23, 2026, lifted a stay on the loan's fraud classification. During searches of Ambani's home and business headquarters, the CBI found documents connected to purportedly fraudulent transactions and account manipulation. A previous CBI investigation involving a group of 11 banks headed by the State Bank of India is unrelated to this case. The inquiry is still in progress.