CBI questions Anil Ambani in SBI's ₹2,929 cr 'cheating' case

Core Viewpoint - The Central Bureau of Investigation (CBI) is investigating Anil Ambani in connection with an alleged ₹2,929 crore cheating case involving Reliance Communications Ltd, based on a complaint from the State Bank of India (SBI) [1][3]. Group 1: Investigation Details - Anil Ambani was questioned by the CBI regarding allegations of fund diversion, misappropriation, and other irregularities related to loan funds issued to Reliance Communications by SBI [1]. - The CBI had previously booked Ambani in August of the previous year for allegedly defrauding SBI of ₹2,929.05 crore, with the company reportedly having an outstanding debt of over ₹40,000 crore to various lenders [3]. - The allegations include criminal conspiracy, cheating, and criminal breach of trust against Ambani and Reliance Communications [3][4]. Group 2: Legal Context - The complaint from SBI pertains to issues that date back more than 10 years, during which time Ambani was a non-executive director of the company and not involved in day-to-day management [5]. - The matter is currently sub-judice, pending before the National Company Law Tribunal (NCLT) and other judicial forums, including the Supreme Court, for the past six years [5]. - Anil Ambani has challenged SBI's declaration in the appropriate judicial forum [6].