New Delhi, March 20 The CBI questioned industrialist Anil Ambani for over six hours on Friday in connection with a Rs 2,929-crore fraud case, registered against Reliance Communications Ltd and him on a complaint by the State Bank of India, officials said.
On the second consecutive day, Ambani arrived at the agency headquarters around 10 am in his grey sedan and left the office around 5:15 pm, they said.
He was questioned on alleged diversion of funds, misappropriation, and other irregularities in the loan funds issued to the company by the bank, besides being confronted with several documents, they said.
On Thursday, a spokesperson for the businessman issued a statement, "This questioning is in furtherance of Mr. Ambani's commitment to extend full cooperation in the matter with all agencies."
Even yesterday, the industrialist was questioned by the investigating agency for nearly eight hours in connection with the same case. The CBI had booked Ambani in August last year for allegedly defrauding the SBI to the tune of Rs 2,929 crore, officials said.
According to the SBI complaint, now part of the FIR, the company had an outstanding of over Rs 40,000 crore to various lenders, with the public sector bank alone facing a loss of Rs 2,929 crore, according to 2018 figures.
The CBI booked Ambani and RCom for allegedly committing offences of criminal conspiracy, cheating, and criminal breach of trust.
"It is alleged that the accused persons, in criminal conspiracy, misrepresented and obtained credit facilities from SBI in favour of Reliance Communication Ltd," a CBI spokesperson said in a statement in August last year.
Ambani's spokesperson responded, "Anil D Ambani denies all allegations and charges, and will duly defend himself."
According to sources, the agency also searched Ambani's residence 'Sea Wind' at Cuffe Parade in Mumbai.
The complaint filed by SBI pertains to matters dating back more than 10 years, according to Ambani's spokesperson.
At that time, Ambani was a non-executive director of the company, with no involvement in the day-to-day management, a statement from his spokesperson then said.
"The matter remains sub-judice, pending before the NCLT (National Company Law Tribunal) and other judicial forums, including the Supreme Court, for the past six years," it said.
Anil Ambani has duly challenged SBI's declaration before the competent judicial forum, it said.