Why Anil Ambani is being probed by CBI?
CBI raided Reliance Group Chairman Anil Ambani's Mumbai home and other premises in connection with an alleged bank fraud that caused a nearly ₹3,000 crore loss to SBI, PTI reported. SBI had classified Ambani and his company, Reliance Communications, as "fraud" on June 13 and sent a report to RBI. SBI had said it found deviation in utilisation of loans.