ED Summons Anil Ambani in ₹17,000 Crore Loan Fraud Probe
The Enforcement Directorate (ED) has summoned businessman Anil Ambani for questioning on August 5 in connection with a major money laundering and loan fraud investigation involving companies under the Reliance Group banner.
Raids Across Multiple Locations
The summons comes a week after the ED conducted raids at over 35 premises across Mumbai and Delhi. These locations were linked to more than 50 companies associated with the Reliance Group. More than 25 individuals have reportedly been questioned so far.
Allegations of Loan Diversion
The ED is probing alleged diversion of loans worth over ₹3,000 crore, originally disbursed between 2017 and 2019 by Yes Bank to companies linked to Ambani. The agency believes funds were diverted through shell companies and possibly used for unlawful gains, including suspected kickbacks.
SEBI Flags Unreported Fund Transfers
Market regulator SEBI has also raised red flags, pointing to undisclosed inter-corporate deposits and rising corporate loans issued by Reliance Home Finance. A sum close to ₹10,000 crore is under scrutiny for alleged non-transparent movement of funds through related entities.
SBI Labels Ambani Accounts as Fraud
In June 2025, the State Bank of India classified accounts of Reliance Communications and Anil Ambani as fraudulent. The bank cited violations of RBI norms and patterns of fund diversion as key reasons behind the decision.
Investor Reactions and Market Impact
News of the ED summons triggered a drop in stock prices for Reliance Infrastructure and Reliance Power, with both falling nearly 5%. Investors are now closely watching how the investigation unfolds and its possible impact on other corporate loan accounts.
Ambani to Appear on August 5
Anil Ambani is expected to appear before ED officials in Mumbai. His statement could play a crucial role in the ongoing investigation, which may widen further based on new evidence and testimonies from executives across the group.
