New Delhi, Aug. 24 -- Weeks after the ED raids, the CBI searched the Mumbai residence of Reliance Communication Ltd (RCom) Director Anil Ambani on Saturday after registering a case over the alleged defrauding of State Bank of India of Rs 2,929.05 crore, officials said.

Teams of CBI conducted the searches at two locations in Mumbai on Saturday - the official premises of Reliance Communication Ltd and residential premises of Anil Ambani, the agency said in a statement. ED recently interrogated Anil in connection with Rs 17,000 crore loan frauds related to Yes Bank.

The action took place after the CBI registered an FIR on Thursday against Reliance Communication Ltd (RCom), Mumbai, its Director Anil Ambani, unknown public servants and unknown...