Fri Aug 01 03:00:16 UTC 2025: **Summary:**
The Enforcement Directorate (ED) has summoned Reliance Group Chairman Anil Ambani for questioning on August 5th, 2025, in connection with an alleged ₹3,000 crore loan fraud and money laundering case involving his group companies. The ED conducted searches at multiple Reliance Group company locations and against executives, uncovering alleged financial irregularities and loan diversions exceeding ₹10,000 crore. The investigation focuses on loans given by Yes Bank to Reliance Group between 2017-2019, with suspicions of bribery and improper loan approvals. Several other financial transactions involving Reliance Communications Limited (RCOM), Reliance Home Finance Limited (RHFL), Reliance Mutual Fund, and others are also under scrutiny. The case stems from FIRs and reports from various financial institutions, suggesting a planned scheme to divert public funds.
**News Article:**
**Anil Ambani Summoned in ₹3,000 Crore Loan Fraud Case**
**New Delhi – August 1, 2025** – Reliance Group Chairman Anil Ambani has been summoned by the Enforcement Directorate (ED) for questioning on August 5th, 2025, in connection with an alleged ₹3,000 crore loan fraud and money laundering case against his group companies.
The summons follows a series of raids conducted by the ED on July 24th across multiple locations in Mumbai, targeting over 35 premises belonging to 50 companies and 25 individuals, including executives of the Anil Ambani Group.
The investigation centers around allegations of financial irregularities and the diversion of loans exceeding ₹10,000 crore by multiple Reliance Group companies. Sources within the ED indicate that the probe primarily concerns a suspected illegal loan diversion of approximately ₹3,000 crore provided by Yes Bank to Reliance Group companies between 2017 and 2019. Investigators are also looking into potential bribery involving Yes Bank promoters prior to the loan disbursements.
In addition, the ED is scrutinizing loans given to entities with weak financials, inadequate documentation, and common directors, raising concerns about due diligence and proper credit analysis.
The case is based on FIRs filed by the Central Bureau of Investigation (CBI) and reports shared by the National Housing Bank, SEBI, the National Financial Reporting Authority (NFRA), and Bank of Baroda, suggesting a systematic scheme to divert public money and defraud banks, shareholders, and investors.
Other transactions being investigated include a ₹1,050 crore bank loan fraud between RCOM and Canara Bank, undisclosed foreign bank accounts, Reliance Mutual Fund’s investment in AT-1 bonds, and an alleged loan fund diversion of around ₹10,000 crore involving Reliance Infrastructure. A Sebi report on RHFL is also a part of ED probe.
Reliance Power and Reliance Infrastructure have stated that the raids did not impact their business operations, financial performance, shareholders, employees or any other stakeholders, and that the media reports seemed to point to transactions of Reliance Communications Limited (RCOM) or Reliance Home Finance Limited (RHFL) that are over 10 years old. The two companies had said in their filings before the stock exchanges that Anil Ambani was not on the Board of either Reliance Power or Reliance Infrastructure and that they had no business or financial linkage to RCOM or RHFL. Any action taken against RCOM or RHFL, the companies said, has no bearing or impact on the governance, management, or operations of either Reliance Power or Reliance Infrastructure.
The ED will record Mr. Ambani’s statement under the Prevention of Money Laundering Act (PMLA) upon his appearance at the agency’s Delhi headquarters next week.
First Piper 