Pic credit social media
NEW DELHI: The Central Bureau of Investigation (CBI) on Saturday raided premises linked to Reliance Communications (RCOM) and its Promoter Director, Anil Ambani, in connection with an alleged bank fraud that caused a loss of over Rs 2,000 crore to the State Bank of India (SBI), sources said.
The searches were conducted at six locations linked to RCom and the 66-year-old businessman in Mumbai. Today’s searches, sources said, are aimed at gathering crucial documents and digital evidence to establish how bank funds were misused and whether loans were diverted.
The agency has also registered a case against RCom for causing losses of over Rs 2,000 crore to SBI, sources said.
The SBI had classified RCOM and Mr Ambani as “fraud” on June 13 and sent a report to the Reserve Bank of India (RBI) on June 24.
