ED Tightens Noose Around Anil Ambani in Rs 40,000 Crore Alleged Loan Fraud Case

GUWAHATI: Reliance Group Chairman Anil Ambani appeared before the Enforcement Directorate (ED) in New Delhi on Thursday for questioning in connection with an alleged bank fraud-linked money laundering case involving his group companies.

According to reports, Ambani reached the ED office in central Delhi at around 10:30 am. This marks his second round of questioning in the case, after he was earlier examined by the agency in August 2025.

Rs 40,000 Crore Alleged Fraud Under Scanner

The investigation centres on alleged financial irregularities of over Rs 40,000 crore linked to Reliance Communications (RCOM), a flagship company of the Anil Dhirubhai Ambani Group (ADAG). The ED is recording his statement under provisions of the Prevention of Money Laundering Act (PMLA).

Officials said the agency has constituted a Special Investigation Team (SIT) to probe multiple instances of alleged loan fraud involving various ADAG entities. The SIT was reportedly formed following recent directions from the Supreme Court of India.

ED Attaches ‘Abode’ Worth Rs 3,716 Crore

In a significant development, the ED on Wednesday attached Ambani’s Mumbai residence ‘Abode’, valued at Rs 3,716 crore, under anti-money laundering provisions. With this latest action, the total value of assets attached in the case has risen to approximately Rs 15,700 crore.

As per information submitted by the ED before the apex court, three separate money laundering cases have been registered against the Anil Dhirubhai Ambani Group to examine allegations of bank loan fraud and other financial irregularities.

Ambani’s wife, Tina Ambani, had earlier been summoned by the ED but did not appear for questioning.

High Court Nod to Banks

Earlier this week, the Bombay High Court permitted Bank of Baroda, IDBI Bank, Indian Overseas Bank and BDO India LLP to initiate action against him under the Reserve Bank of India’s 2024 Master Directions on fraud classification.

Market Reaction

Meanwhile, the developments appeared to weigh on group stocks. Shares of Reliance Communications fell 4.21 per cent during intraday trade, while Reliance Power declined 1.14 per cent.

The investigation remains ongoing, and further action will depend on findings recorded during the questioning and scrutiny of financial documents.

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