CBI Files Fraud Case Against Anil Ambani's Son: Rs 228 Crore Bank Fund Misappropriation Investigation

Dec 09, 2025 05:09 pm CST

The CBI has launched an investigation against Jai Anmol Ambani and Reliance Home Finance Ltd for allegedly defrauding Union Bank of India of Rs 228 crore. The case involves accusations of fund diversion, account manipulation, and breach of trust after the company failed to meet financial obligations, resulting in the account being classified as a non-performing asset in 2019.