THE CBI has registered a fresh case against industrialist Anil Ambani and Reliance Communications (RCOM) for allegedly cheating the Bank of Baroda during 2013-17 causing a wrongful loss of more than Rs 2,220 crore to the bank, officials said Thursday. The case stems from a complaint received from the bank on Tuesday, they said. “After registration of this case, the Central Bureau of Investigation has conducted searches at the residence of Anil Ambani and registered offices of Reliance Communication Ltd. Various documents connected with this loan transactions have been recovered,” a CBI spokesperson said in a statement.

 

“The allegations in the FIR are that Bank of Baroda has suffered a loss of more than Rs 2,220 crore due to the loans availed by Reliance Communications which were allegedly diverted and misutilised by creating fictitious transactions with related parties,” the spokesperson said. Anil Ambani appears before ED in money laundering case: Reliance Group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate here for a second round of questioning in connection with an alleged bank fraud-linked money laundering case. The 66-year-old businessman entered the federal probe agency’s office in central Delhi. Officials said they have recorded his statement under the provisions of the PMLA. After the questioning for nearly 9 hours, he was asked to appear before agency on Friday again.