New Delhi: The Central Bureau of Investigation (CBI) on Tuesday registered a criminal case against Jai Anmol Anil Ambani, his firm Reliance Home Finance Ltd (RHFL), and former RHFL director Ravindra Sharad Sudhakar.

The action follows a complaint by Union Bank of India (formerly Andhra Bank), alleging wrongful loss amounting to ₹228 crore.

According to the bank, RHFL had availed credit facilities totalling ₹450 crore from its SCF branch in Mumbai. The loan agreement mandated timely repayment, servicing of interest, submission of security documentation, and routing of sale proceeds through the bank.

However, RHFL allegedly failed to repay the dues, and the account was tagged as a non-performing asset (NPA) on September 30, 2019.

A forensic audit conducted by Grant Thornton covering Apri

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