Anil Ambani's Reliance Communications Under Investigation for ₹73,000 Crore Fraud Allegations, CBI Informs Supreme Court

New Delhi: The Central Bureau of Investigation (CBI) has informed the Supreme Court of India that Reliance Communications (RCom), promoted by Anil Ambani, is under investigation in connection with alleged frauds amounting to approximately ₹73,000 crore.

According to a status report submitted to the court, investigations are currently underway in seven separate cases. The agency also indicated that the role of senior bank officials is being examined as part of the probe.

The details, initially submitted in a sealed cover, were disclosed in open court by a bench led by Chief Justice Surya Kant. The court noted that the estimated loss linked to the alleged irregularities stands at around ₹73,006 crore.

The Enforcement Directorate, which is probing related money laundering aspects, has also filed a status report before the court.

The Supreme Court had earlier expressed concern over the pace of investigation by both the CBI and the ED, questioning their reluctance in pursuing the matter.

The probe stems from a public interest litigation filed by former bureaucrat E. A. S. Sarma, alleging that RCom had diverted funds obtained as loans—amounting to ₹31,580 crore—from a consortium of banks in violation of norms.

The case continues to be closely monitored by the apex court as investigations progress.