FIR lodged against Anil Ambani’s son Jai Anmol:Action taken in alleged ₹228-crore Union Bank fraud — first criminal case directly naming him

The Central Bureau of Investigation (CBI) has registered a fraud case against Jai Anmol Ambani, elder son of Anil Ambani and chairman of the Reliance Group. The case alleges that companies linked to Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) defrauded Union Bank of India of ₹228.06 crore. According to CBI officials, RHFL and RCFL had obtained separate general-purpose corporate loans from Union Bank. However, instead of using the funds as specified, the money was allegedly diverted elsewhere, violating loan conditions. This marks the first time Jai Anmol has been named as a direct accused in a significant criminal investigation. What Was Jai Anmol Ambani’s Alleged Role? At the time the loans were taken and the funds allegedly diverted, Jai Anmol was serving as Executive Director of Reliance Home Finance. The CBI claims he, along with other directors, provided misleading information to the bank and breached loan terms, causing a loss of ₹228.06 crore to Union Bank. The agency has filed a case against RHFL, RCFL, Jai Anmol, and other unidentified individuals under IPC Sections 120B (criminal conspiracy) and 420 (cheating), along with relevant provisions of the Prevention of Corruption Act. The complaint was filed directly by Union Bank. Wider Allegations Against the Anil Ambani Group The Anil Ambani–led ADA Group is already facing several fraud-related allegations involving banks such as SBI, Yes Bank, Bank of India, Central Bank of India, and Punjab National Bank. Multiple Cases Pending Against Anil Ambani’s Companies For several years, Anil Ambani–led companies have been entangled in cases related to debt and loan defaults. Reliance Communications has already gone bankrupt, while Reliance Capital and Reliance Infrastructure are undergoing insolvency proceedings in the NCLT. In 2022, Reliance Home Finance was also fined by the RBI following a special audit. Assets Worth ₹10,117 Crore Seized From Anil Ambani Group Last Friday, the Enforcement Directorate (ED) attached additional properties worth ₹1,120 crore belonging to companies associated with Anil Ambani as part of an ongoing money-laundering probe. Earlier, on November 20, the ED had attached assets valued at around ₹1,400 crore linked to him.
In total, across multiple separate cases, assets worth ₹10,117 crore related to the Reliance Group have now been seized. ​