What Now! A CBI Case On Ambani’s Son!

It is an established fact that the Ambani family is one of the wealthiest and influential families in all of India. The kind of absolute power and political backing that they have is beyond question. But as strange as it may sound, Anil Ambani has been facing a handful of issues in the recent past and his son Anmol is now a recipient of this hostile treatment. 

According to the latest reports, Anmol Ambani, who is the son of Anil Ambani has been booked by the CBI in a financial irregularity case. 

Reportedly, the CBI has booked the son of reputed industrialist Anil Ambani, Jai Anmol Anil Ambani, and Reliance Home Finance Ltd. in a case of alleged cheating in Union Bank of India that caused a loss of Rs 228 crore to the public bank, officials said on Tuesday.

The case, filed on the basis of a complaint by Union Bank of India, alleges deliberate diversion and misuse of loan funds sanctioned between 2015 and 2019. This broke out after a forensic audit by Grant Thornton outlet reportedly uncovered extensive fund diversion, circular transactions and untraceable use of money. 

Along with Ambani, former CEO Ravindra Sudhalkar and several Reliance Group companies have also been named as part of the alleged network. The investigation is currently underway by the CBI and the legal consequences will be determined based on the establishment of proofs.

This comes shortly after the ED had already seized properties and financial resources amounting to ₹1120 crore. Now it is the turn of the CBI to take action. 

It has to be seen if this financially irregularity case could lead to potential arrest, which would be a big shake up in the Ambani family.