Anil Ambani denied interim relief in bank fraud case

Business Dec 04, 2025

Anil Ambani just got some tough news from the Bombay High Court, which refused to pause a move by major banks—Indian Overseas Bank, IDBI Bank, and Bank of Baroda—to label his accounts as "fraudulent."
This decision came after a forensic audit by BDO India, though Ambani argued BDO isn't officially an auditor under RBI's latest rules from July 2024.

What's behind the fraud claims?

State Bank of India had already tagged Ambani for alleged fund diversion based on the BDO report.
The CBI jumped in too, launching a case over nearly ₹3,000 crore reportedly lost and even searching Ambani's home and company offices.
After losing his petition, Ambani has now appealed to the Supreme Court—but that hearing is still pending.