Anil Ambani’s Son Jai Anmol Named in Rs 228 Crore Banking Fraud Case by CBI

Renowned businessman and Reliance Group Chairman Anil Ambani, who is already facing trial in a banking fraud case, has received another shock. The Central Bureau of Investigation (CBI) has recently registered a criminal case against his son Jai Anmol Ambani. It has taken action to this extent in the banking fraud case related to Reliance Housing Finance Limited (RHFL).

According to officials, the CBI has alleged that the bank suffered a loss of Rs 228.06 crore due to fraud and criminal conspiracy. Former CEO and director of RHFL Ravindra Sudhalkar and several others have also been named in the case. In the chargesheet related to the Yes Bank-Reliance Group case, the CBI has said that it is investigating the role of Jai Ambani when he was the executive director of Reliance Capital and Reliance Nippon. It is noteworthy that this is the first time that a case has been registered against his son Jai Ambani, although the CBI and the ED have investigated Anil Ambani in bank fraud cases in the past.