New Delhi, Feb. 26 -- The Central Bureau of Investigation (CBI) has conducted searches at the residence of Anil Ambani, the Promoter and erstwhile Chairman of Reliance Communications (RCoM), and the registered offices of Reliance Communications Ltd.

This comes after the CBI registered a second case against Reliance Communications based on the complaint given by the Bank of Baroda dated February 24 for offences of conspiracy, cheating under IPC and criminal misconduct and abuse of official position under the Prevention of Corruption Act, against Anil Ambani.

According to an official statement, the allegations in the FIR are that Bank of Baroda has suffered a loss of more than Rs 2,220 crores due to the loans availed by Reliance Communica...