Criminal Inquiry into Anil Ambani Following State Bank of India Allegations
August 24, 2025
The national investigative agency of India has launched a criminal inquiry into Anil Ambani following allegations made by the State Bank of India. Anil Ambani is accused of making false statements to obtain loans and misappropriating bank funds. The bank claims it suffered a loss of 29.29 billion rupees due to these actions. Ambani's representative states that he categorically denies the allegations and will defend himself. The investigation pertains to actions taken more than ten years ago.