Why CBI Registered an FIR Against Anil Ambani

The Central Bureau of Investigation (CBI) on Saturday, August 1, registered a First Information Report (FIR) against Reliance Capital Chairman Anil Ambani, alleging that he, along with unknown public servants and other unidentified individuals, caused a wrongful loss of INR 1,007 crore. The agency also alleged an interest liability of INR 808.67 crore. The case has been registered under charges including criminal conspiracy, cheating, criminal breach of trust and criminal misconduct.

The FIR is based on a written complaint filed by the Employees' Provident Fund Organisation (EPFO), which functions under the Ministry of Labour and Employment. According to the complaint, the alleged irregularities relate to investments made by the EPFO in secured non-convertible debentures (NCDs) issued by Reliance Capital Ltd. (RCL). CBI Arrests 2 Reliance Communications Executives in INR 19,694 Crore Bank Fraud Case Following Complaint by State Bank of India.

Allegations Linked to EPFO Investments

According to the CBI, Reliance Capital Ltd. issued secured non-convertible debentures in 2013 and 2014, in which the EPFO invested INR 2,500 crore through four portfolio managers, including Reliance Capital Asset Management Ltd. The debentures were scheduled to mature in 2023 and 2024.

The complaint alleges that the accused engaged in fraudulent transactions and diverted funds, resulting in Reliance Capital defaulting on the redemption of the NCDs. As a result, the EPFO allegedly suffered losses amounting to INR 1,816.22 crore. Jeffrey Epstein Offered a ‘Tall Swedish Blonde’ to Anil Ambani, Epstein Files Reveal.

CBI Begins Investigation

The agency said it has initiated an investigation to determine the roles of all individuals involved, including public servants and private persons. "Investigation has been taken up to identify the role of all persons involved, including public servants and private individuals, examine the alleged criminal conspiracy, and trace the end use of the invested funds," the press release from the CBI stated.

Part of Broader Reliance ADA Group Probe

The latest FIR comes after the CBI registered seven FIRs against Reliance Communications Ltd. (RCom), Reliance Home Finance Ltd. (RHFL), Reliance Commercial Finance Ltd. (RCFL) and Reliance Telecom Ltd. (RTL) in connection with complaints filed by various public sector banks and the Life Insurance Corporation of India (LIC).

Providing an update on the wider investigation, the agency said: "The CBI has so far filed four chargesheets and arrested seven accused persons in the Reliance ADA Group cases. These cases are under investigation, and the investigation is being monitored by the Supreme Court. The CBI remains committed to conducting an expeditious and comprehensive investigation into these cases," the release added.

The CBI said the investigation will focus on examining the alleged conspiracy, identifying the involvement of all concerned individuals, and tracing the end use of the funds invested by the EPFO. The allegations are part of an ongoing investigation, and the agency has not announced any findings of guilt.

(The above story first appeared on LatestLY on Aug 02, 2026 08:19 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).