CBI has registered a criminal case against Jai Anmol Anil Ambani, son of businessman Anil Ambani, in a banking fraud case linked to Reliance Housing Finance Limited (RHFL). This is the first time that a criminal case has been filed against Anil Ambani’s son.

According to officials, the case also names RHFL, its former CEO and whole-time director Ravindra Sudhalkar, and unknown others, including unknown public servants. The complaint alleges cheating, criminal conspiracy and criminal misconduct that led to a wrongful loss of Rs 228.06 crore to the bank involved.

The written complaint sent to the CBI states that Jai Anmol Anil Ambani, Ravindra Sudhalkar and others were involved in actions that caused financial loss through irregularities in lending and repayment. The agency has taken up the case under charges related to fraud and misuse of position.

CBI is expected to examine documents, loan accounts and internal records of RHFL as part of the investigation. Further questioning of company officials and bank personnel may follow as the probe moves ahead.

The Anil Ambani group has not yet issued a detailed public statement on the matter.

Source: India Today