New Delhi, Aug. 23 -- The search by CBI at residence of industralist Anil D Ambani's residence concluded early this afternoon, a spokesperson on behalf of industralist said on Saturday, noting that the complaint filed by State Bank of India (SBI) pertains to matters dating back more than 10 years and the bank's declaration has been challenged before the competent judicial forum.

Anil Ambani strongly denies all allegations and charges, and will duly defend himself, the spokesperson said, noting that SBI has already withdrawn proceedings against five other Non-Executive Directors and "Mr. Ambani has been selectively singled out".

"The search at Mr Anil D. Ambani's residence concluded early this afternoon. The complaint filed by State Bank...