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?73,000 Crore ‘Mega-Scam’ in Anil Ambani Group Loan Case; CBI Submits Shocking Report to Supreme Court
Mumbai/New Delhi, April 7, 2026: The Central Bureau of Investigation (CBI) has alleged a massive bank loan fraud amounting to ?73,006 crore against Anil Ambani’s Reliance Anil Dhirubhai Ambani Group (RADAG). This shocking revelation was made in a status report submitted by the CBI to the Supreme Court.
The CBI has stated that active investigations are currently underway in seven separate cases. In these matters, the agency has indicated the possibility of collusion between the company management and certain senior government officials.
What are the main allegations?
The Enforcement Directorate (ED) has concluded that there was a deliberate and collusive attempt to siphon off crores of rupees belonging to banks by manipulating the Insolvency and Bankruptcy Code (IBC) process through a scheme dubbed ‘Project HELP’.
In one specific instance, bank claims totaling ?2,983 crore were settled for a mere ?26 crore. It has been revealed that eight private financial companies (NBFCs) were utilized to facilitate this transaction.
It is suspected that officials within public sector banks colluded to extend undue benefits to the Ambani Group.
On March 23, 2026, the Supreme Court directed senior officials from both the CBI and the ED to coordinate their efforts and complete this investigation in a transparent manner within a stipulated timeframe. A bench headed by Chief Justice Surya Kant had previously expressed displeasure regarding the delays in the investigation.
When is the next hearing?
The next hearing for this case in the Supreme Court is scheduled for April 30, 2026.
The Anil Ambani Group has not yet issued any response regarding this matter. Key Points:
Investigations are underway across a total of seven cases.
The role of certain government officials is also being scrutinized.
Banks have suffered losses due to the misuse of the IBC process.
The Supreme Court has directed the CBI and the ED to work in coordination.
The revelation of this scam has caused a major stir within the corporate world. Expectations are being voiced that the investigation should proceed with greater speed and transparency.
Mumbai/New Delhi, April 7, 2026: The Central Bureau of Investigation (CBI) has alleged a massive bank loan fraud amounting to ?73,006 crore against Anil Ambani’s Reliance Anil Dhirubhai Ambani Group (RADAG). This shocking revelation was made in a status report submitted by the CBI to the Supreme Court.
The CBI has stated that active investigations are currently underway in seven separate cases. In these matters, the agency has indicated the possibility of collusion between the company management and certain senior government officials.
What are the main allegations?
The Enforcement Directorate (ED) has concluded that there was a deliberate and collusive attempt to siphon off crores of rupees belonging to banks by manipulating the Insolvency and Bankruptcy Code (IBC) process through a scheme dubbed ‘Project HELP’.
In one specific instance, bank claims totaling ?2,983 crore were settled for a mere ?26 crore. It has been revealed that eight private financial companies (NBFCs) were utilized to facilitate this transaction.
It is suspected that officials within public sector banks colluded to extend undue benefits to the Ambani Group.
On March 23, 2026, the Supreme Court directed senior officials from both the CBI and the ED to coordinate their efforts and complete this investigation in a transparent manner within a stipulated timeframe. A bench headed by Chief Justice Surya Kant had previously expressed displeasure regarding the delays in the investigation.
When is the next hearing?
The next hearing for this case in the Supreme Court is scheduled for April 30, 2026.
The Anil Ambani Group has not yet issued any response regarding this matter. Key Points:
Investigations are underway across a total of seven cases.
The role of certain government officials is also being scrutinized.
Banks have suffered losses due to the misuse of the IBC process.
The Supreme Court has directed the CBI and the ED to work in coordination.
The revelation of this scam has caused a major stir within the corporate world. Expectations are being voiced that the investigation should proceed with greater speed and transparency.
Mumbai/New Delhi, April 7, 2026: The Central Bureau of Investigation (CBI) has alleged a massive bank loan fraud amounting to ?73,006 crore against Anil Ambani’s Reliance Anil Dhirubhai Ambani Group (RADAG). This shocking revelation was made in a status report submitted by the CBI to the Supreme Court.
The CBI has stated that active investigations are currently underway in seven separate cases. In these matters, the agency has indicated the possibility of collusion between the company management and certain senior government officials.
What are the main allegations?
The Enforcement Directorate (ED) has concluded that there was a deliberate and collusive attempt to siphon off crores of rupees belonging to banks by manipulating the Insolvency and Bankruptcy Code (IBC) process through a scheme dubbed ‘Project HELP’.
In one specific instance, bank claims totaling ?2,983 crore were settled for a mere ?26 crore. It has been revealed that eight private financial companies (NBFCs) were utilized to facilitate this transaction.
It is suspected that officials within public sector banks colluded to extend undue benefits to the Ambani Group.
On March 23, 2026, the Supreme Court directed senior officials from both the CBI and the ED to coordinate their efforts and complete this investigation in a transparent manner within a stipulated timeframe. A bench headed by Chief Justice Surya Kant had previously expressed displeasure regarding the delays in the investigation.
When is the next hearing?
The next hearing for this case in the Supreme Court is scheduled for April 30, 2026.
The Anil Ambani Group has not yet issued any response regarding this matter. Key Points:
Investigations are underway across a total of seven cases.
The role of certain government officials is also being scrutinized.
Banks have suffered losses due to the misuse of the IBC process.
The Supreme Court has directed the CBI and the ED to work in coordination.
The revelation of this scam has caused a major stir within the corporate world. Expectations are being voiced that the investigation should proceed with greater speed and transparency.
