Businessman Jai Anmol Ambani was questioned for nearly six hours on Friday in connection with an alleged ₹228-crore bank fraud case. As part of the ongoing investigation, he appeared before investigators at the agency’s headquarters in New Delhi, where officials examined him on multiple aspects related to financial transactions and documents linked to the case.
According to sources familiar with the probe, investigators raised several questions regarding the company’s financial dealings and records connected to the alleged irregularities. After the lengthy questioning session, he was asked to appear again on Saturday for further clarification on certain aspects of the case.
Case registered last year
The case was registered on December 6, 2025, following a complaint alleging financial irregularities involving Reliance Home Finance Limited (RHFL). The complaint claimed that certain transactions associated with the company had led to substantial financial losses.
The case names Jai Anmol Ambani, who was serving as a director at the time, along with the then chief executive officer and whole-time director Ravindra Sudhalkar, and others. The allegations suggest that established banking procedures and financial norms may not have been properly followed in certain transactions.
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Investigators are currently examining financial documents, records and other material related to the case to understand the sequence of decisions and transactions involved.
Detailed questioning on financial decisions
Sources indicated that during Friday’s questioning session, investigators sought detailed explanations about financial decisions taken by the company, loan disbursement processes, and related documentation. Officials also attempted to understand how certain financial transactions were approved and executed.
The questioning was aimed at clarifying key aspects of the alleged irregularities and determining whether the transactions complied with regulatory and banking norms. Investigators are also analysing bank records and financial statements to verify the flow of funds.
Multiple aspects under scrutiny
According to sources, the probe is examining several elements of the alleged financial irregularities. These include the loan approval process, the utilisation of funds, and the movement of money across various accounts linked to the transactions under scrutiny.
Officials involved in the investigation said that the review of documents and financial data will play an important role in determining the next course of action. Depending on the findings, other individuals associated with the transactions may also be called for questioning.
Increasing scrutiny of financial dealings
In recent years, investigative agencies have intensified scrutiny of large financial transactions and corporate dealings in order to detect possible irregularities. Greater emphasis is being placed on transparency and compliance within the banking and financial sectors.
Financial experts say that thorough investigations into such cases help strengthen confidence in the banking system and protect the interests of lenders and investors. They also encourage stricter adherence to financial regulations and corporate governance standards.
Further questioning expected
Sources indicated that the next round of questioning may focus on additional documents and financial records connected to the transactions under investigation. Officials believe the upcoming examination could provide further clarity on the developments that led to the alleged fraud.
The case is currently under investigation, and authorities are continuing to review relevant evidence and statements. The outcome of the probe will determine whether further legal action is taken and where responsibility may ultimately lie in the alleged bank fraud case.
About the author – Ayesha Aayat is a law student and contributor covering cybercrime, online frauds, and digital safety concerns. Her writing aims to raise awareness about evolving cyber threats and legal responses.
