Overview
- CBI teams carried out searches in Mumbai on Thursday at the homes of former directors Satish Seth and Gautam B. Doshi and at Reliance Telecom’s office.
- SBI’s complaint says the bank suffered a ₹114.98 crore loss from a loan to Reliance Telecom, which drew funds from a ₹735 crore facility arranged by a 11‑bank consortium.
- The FIR lists conspiracy and cheating under the Indian Penal Code and misuse of official position under the Prevention of Corruption Act.
- Investigators said they seized files tied to the loan and will examine bank records, emails, and internal approvals as the case moves forward.
- A forensic audit from October 2020, covering 2013 to 2017, flagged fund diversion, sham transactions, inter‑corporate layering, and cooked books, and outlets also noted recent CBI questioning of Anil Ambani in a separate ₹2,929 crore case.