Fri Aug 01 14:14:17 UTC 2025: Okay, here’s a news article summarizing and rewriting the provided text:
**Reliance Group Chairman Anil Ambani Faces Travel Restrictions Amid Loan Fraud Investigation**
**New Delhi:** Reliance Group Chairman Anil Ambani is now subject to a Look Out Circular (LOC) issued by the Enforcement Directorate (ED) in connection with an ongoing investigation into an alleged Rs 3,000-crore loan fraud case, sources revealed on Friday.
The LOC, which prevents Ambani from leaving the country, signals a significant escalation in the ED’s scrutiny of the businessman’s financial dealings. The investigation reportedly centers on allegations that Ambani’s companies defaulted on substantial loans, leading to significant losses for public sector banks.
While details of the specific allegations remain under investigation, the issuance of an LOC indicates the ED believes Ambani’s presence in the country is necessary for the investigation to proceed. This development adds to the mounting financial pressures facing the Reliance Group and its chairman. Further updates are expected as the ED continues its investigation.