New Delhi
The Enforcement Directorate (ED) has summoned Reliance Group Chairman Anil Ambani for questioning on August 5 in connection with a money laundering probe linked to alleged bank loan fraud by his group companies, official sources said on Friday.
Ambani, 66, has been asked to appear at the ED headquarters in Delhi, where the agency will record his statement under the Prevention of Money Laundering Act (PMLA).
The summons follow recent ED raids at over 35 locations in Mumbai, covering 50 companies and 25 individuals, including executives from the Anil Ambani Group. These searches relate to alleged financial irregularities and suspected diversion of over ₹10,000 crore in loans, with around ₹3,000 crore allegedly sourced from Yes Bank between 2017 and 2019.
The ED is examining a suspected nexus between Yes Bank promoters and Ambani’s firms, including instances of bribes, back-dated approvals, and violation of lending norms. The loans were allegedly diverted to shell companies with weak financials and shared directors or addresses.
The probe stems from multiple sources, including two CBI FIRs and reports from the National Housing Bank, SEBI, NFRA, and Bank of Baroda. The agency is also investigating over ₹1,050 crore in loans involving RCOM and Canara Bank, along with possible undisclosed foreign assets.
While Reliance Power and Reliance Infrastructure acknowledged the ED action, they asserted no business links to RCOM or RHFL and claimed no impact on their operations or stakeholders.