CBI books ADA firms, Jai Anmol Ambani

The CBI registered two FIRs against Anil Dhirubhai Ambani (ADA) group companies -- Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd ~ in separate bank fraud cases, naming Jai Anmol Anil Ambani in one of them and bringing alleged loan defaults worth 714,852 crore under scanner, officials said Tuesday.

- PRESS TRUST OF INDIA

Following the registration of the FIR against Jai Anmol Anil Ambani, the son of industrialist Anil Ambani, the CBI teams carried out a search at his residence on the seventh floor of the Sea Wind building, Anil Ambani's home in Cuffe Parade, Mumbai.

The CBI has named Jai Anmol Ambani, the then Director of Reliance Home Finance Ltd. (RHFL), along with ex-CEO Ravindra Sharad Sudhakar in connection with the case of allegedly cheating the Union Bank of India of 2228 crore.