Tue Aug 05 06:10:32 UTC 2025: Here’s a summarized news article based on the provided text:

**Reliance Group Chairman Anil Ambani Questioned by ED in Money Laundering Case**

**New Delhi, August 5, 2025** – Reliance Group Chairman Anil Ambani appeared before the Enforcement Directorate (ED) in New Delhi today for questioning in a money laundering case linked to alleged bank loan fraud. The investigation involves multiple alleged loan diversions exceeding ₹17,000 crore by Reliance Group companies, including Reliance Infrastructure (R Infra).

The ED’s summons follows searches conducted last month at 35 premises of 50 companies and 25 people. The probe centers on allegations that Yes Bank illegally diverted loans of ₹3,000 crore to Ambani’s companies between 2017 and 2019, with suspicions of quid pro quo involving Yes Bank promoters. The ED is also investigating alleged violations in Yes Bank loan approvals and instances of loans given to entities with weak financials and inadequate documentation.

Further allegations under scrutiny include R Infra’s alleged diversion of funds disguised as inter-corporate deposits to Reliance Group companies. A Reliance Group spokesperson has denied wrongdoing, stating that the ₹10,000 crore diversion allegation is a 10-year-old matter and that its exposure was only ₹6,500 crore, as publicly disclosed earlier this year.

The case stems from CBI FIRs and reports from various financial institutions, including the National Housing Bank, SEBI, and Bank of Baroda. These reports suggest a planned scheme to divert public funds. The State Bank of India has classified RCOM and Ambani as fraud, with a complaint to the CBI in progress. A loan fraud of over ₹1,050 crore between RCOM and Canara Bank is also under investigation, along with undisclosed foreign bank accounts and assets. Additionally, Reliance Mutual Fund’s investment of ₹2,850 crore in AT-1 bonds is being scrutinized for potential quid pro quo.

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