Anil Ambani responds to CBI raids in bank fraud case, says he is being ‘selectively singled out’

Anil Ambani, the chairman and managing director of Reliance Group, has responded to the recent developments in the alleged ₹2,929 crore bank fraud case.Through a spokesperson, Ambani said, “The complaint filed by State Bank of India (SBI) pertains to matters dating back more than 10 years. At the relevant time, Mr. Ambani was a Non-Executive Director of the company, with no involvement in the day-to-day management.”

The statement from Ambani said that he is being selectively singled out. The spokesperson states that SBI, by its own order, has already withdrawn proceedings against five other non-executive directors.

The statement added that at present, Reliance Communications is being managed under the supervision of a Committee of Creditors, led by SBI and overseen by a Resolution Professional.
The matter has remained sub judice, pending before the NCLT and other judicial forums, including the Hon’ble Supreme Court, for the past six years.  forum.The statement concluded by saying that Anil Ambani strongly denies all allegations and charges and will duly defend himself.

Earlier in the day (August 23), the CBI searched the Mumbai residence of Anil Ambani oafter recently registering a case for allegedly defrauding the State Bank of India of ₹2,929.05 crore.

This came after the CBI registered an FIR on Thursday against Reliance Communication Ltd, Anil Ambani, unknown public servants and unknown others on the basis of the complaint from the largest lender in the country.

Also Read: CBI books Anil Ambani, RCom in ₹2,929 crore ‘bank fraud’ case; searches his residence