Goa, Aug. 23 -- The Central Bureau of Investigation (CBI) has booked Reliance Communications Ltd (RCOM) and industrialist Anil Ambani in a Rs.2,929 crore loan fraud case filed by the State Bank of India (SBI). On Saturday, agency officials conducted searches at RCOM's offices in Mumbai and at Ambani's residence, after securing warrants from a special CBI court.

The FIR, based on a complaint by SBI deputy general manager Jyoti Kumar, alleges offences including criminal conspiracy, cheating, breach of trust, and criminal misconduct. It accuses RCOM and its director Anil Ambani of misutilising and diverting funds obtained through credit facilities from SBI.

According to investigators, the funds were allegedly routed through inter-company l...