The CBI conducted searches at the residence of Jai Anmol Anil Ambani, the son of industrialist Anil Ambani, on Tuesday after registering an FIR against him and Reliance Home Finance Ltd. (RHFL) for allegedly cheating the Union Bank of India of Rs 228 crore, officials said.
The CBI acted on a complaint from the bank (erstwhile Andhra Bank) against Reliance Home Finance Ltd., the then director Jai Anmol and ex-CEO Ravindra Sharad Sudhakar, alleging that the company did not repay the credit availed from the bank that turned the account into a non-performing asset in 2019, they said.
Queries for reaction from the Ambanis’ spokesperson went unanswered.
“The CBI obtained search warrants from the court of Special Judge for CBI, Mumbai and has commenced searches at two official premises of Reliance Home Finance Ltd., residential premises of Jai Anmol Ambani, son of Anil Ambani, the then Director of Reliance Home Finance Ltd. and residential premises of Ravindra Sudhalkar, Ex-CEO and Whole Time Director of RHFL, all at Mumbai on 09.12.2025,” the CBI spokesperson said in a statement.