**Executive Summary**
The Central Bureau of Investigation (CBI) has registered a second case against M/s Reliance Communications based on a complaint from the Bank of Baroda dated 24.02.2026. The charges relate to conspiracy, cheating, criminal misconduct, and abuse of official position. Following the registration of the case, CBI conducted searches at Anil Ambani's residence and the registered offices of M/s Reliance Communication Ltd. on 26.02.2026.
**Key Points / Main Content**
* **Case Details:**
* A second case has been registered by the CBI against M/s Reliance Communications.
* The complaint was lodged by the Bank of Baroda on 24.02.2026.
* The charges include offences under the IPC and the Prevention of Corruption Act.
* Anil Ambani, Promoter & erstwhile Chairman of RCom, M/s Reliance Communications and others are implicated.
* **Financial Loss:**
* The Bank of Baroda allegedly suffered a loss of over Rs.2,220 crores.
* This was due to loans availed by M/s Reliance Communication and were allegedly diverted and mis-utilized.
* The accounts of M/s Reliance Communications Ltd. were manipulated and irregularities concealed.
* **NPA Declaration and Stay:**
* The account was declared a Non-Performing Asset (NPA) in 2017.
* A stay on the declaration of the accounts as fraudulent was granted by the Bombay High Court based on a petition by Anil Ambani.
* The stay was vacated on 23.02.2026, leading to the complaint being lodged by the Bank of Baroda and the CBI taking up the case.
* **Background:**
* The CBI had already registered another case against M/s Reliance Communications based on a complaint lodged by the SBI (lead bank of a consortium of 11 banks).
* The Bank of Baroda was not part of this consortium.
* This case relates to a different loan availed by Reliance Communication Ltd. from Bank of Baroda and the then Vijaya Bank and the then Dena Bank. Vijaya Bank and Dena Bank have now been merged with Bank of Baroda.
* **Searches and Recovery:**
* Searches were conducted at the residence of Anil Ambani and the registered offices of M/s Reliance Communication Ltd.
* Various documents related to the loan transactions were recovered.
* **Investigation Status:**
* The investigation is continuing.
**Impact Analysis**
**Bank of Baroda**
* **Impact:** Suffered a financial loss of over Rs.2,220 crores due to alleged loan diversions.
* **Action Required:** Cooperate with the CBI investigation and provide necessary documentation.
**Anil Ambani**
* **Impact:** Subject of a CBI investigation, with searches conducted at his residence and the registered offices of M/s Reliance Communications Ltd.
* **Action Required:** Cooperate with the CBI investigation and provide requested documentation.
**M/s Reliance Communications Ltd.**
* **Impact:** Subject of a CBI investigation, with searches conducted at the registered offices.
* **Action Required:** Cooperate with the CBI investigation and provide requested documentation.
**CBI**
* **Impact:** Required to investigate the case thoroughly and take appropriate action based on the findings.
* **Action Required:** Continue the investigation and gather more evidence related to the case.
Key Entities Referenced
Central Bureau of Investigation (CBI): Investigating agency that registered a case against M/s Reliance Communications
Bank of Baroda: Bank that lodged the complaint against M/s Reliance Communications.
Reliance Communications Ltd.: Company against which CBI registered a case based on a complaint from the Bank of Baroda.
Prevention of Corruption Act: Act under which Anil Ambani and Reliance Communications are booked
Mumbai: Location where searches were conducted by CBI, and where the Bombay High Court is located.
Ministry of Personnel, Public Grievances & Pensions
CBI conducts searches at the Office and
Residence of Anil Ambani in Reliance
Communications Ltd. case
Posted On: 26 FEB 2026 6:27PM by PIB Mumbai
: Mumbai/New Delhi, February 26, 2026
The Central Bureau of Investigation (CBI) has registered a second case against M/s
Reliance Communications based on the complaint given by the Bank of Baroda
dated 24.02.2026 for offences of conspiracy, cheating under IPC and criminal
misconduct and abuse of official position under Prevention of Corruption Act, against
Anil Ambani, Promoter & erstwhile Chairman of RCoM, M/s Reliance
Communications and others. The allegations in the FIR are that Bank of Baroda has
suffered a loss of more than Rs.2,220 crores due to the loans availed by M/s
Reliance Communication which were allegedly diverted and mis-utilized by creating
fictitious transactions with related parties. The books of accounts of M/s Reliance
Communications Ltd. were manipulated and irregularities concealed.
The account was declared a Non-Performing Asset in 2017 itself. However, based on
the petition filed by Anil Ambani before the Hon’ble High Court of Bombay, there
was stay on the declaration of the accounts as a fraud by the Hon’ble High Court.
The stay was vacated on 23.02.2026 after which the Bank of Baroda lodged this
complaint and CBI has taken up the case immediately.
It may be recalled that CBI has already registered another case against M/s
Reliance Communications based on a complaint lodged by the SBI which is the lead
bank of a consortium consisting of 11 banks. However, Bank of Baroda was not part
of the said consortium, and this is a different loan availed by the Reliance
Communication Ld. from Bank of Baroda, the then Vijaya Bank and the then Dena
Bank. Vijaya Bank and Dena Bank have now been merged with Bank of Baroda.
After registration of this case, CBI has conducted searches at the residence of Anil
Ambani and the registered offices of M/s Reliance Communication Ltd. Various
documents connected with this loan transactions have been recovered.
Investigation is continuing.
Source: CBI
PIB Mumbai | Sriyanka Chatterjee/ Priti Malandkar
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