ED - Corporate Updates

Anil Ambani Summoned Again on Nov 14

Anil Ambani, chairman of the Reliance ADAG Group, has been summoned by the Enforcement Directorate (ED) for questioning on 14 November 2025 in connection with a money-laundering investigation.

The probe concerns alleged financial irregularities at Reliance Communications Limited (RCOM) and related group companies, where repayments of borrower loans were reportedly redirected to other entities, allegedly in contravention of sanction terms. Investigators say over ₹13,600 crore was diverted for loan evergreening, ₹12,600 crore channeled to connected parties, and over ₹1,800 crore invested in fixed deposits and mutual funds.

Earlier this week, the ED provisionally attached 132 acres of land at the Dhirubhai Ambani Knowledge City in Navi Mumbai, valued at approximately ₹4,463 crore. In all, the agency has attached assets valued at more than ₹7,545 crore in the case so far.

The bank fraud reportedly involves outstanding loans of around ₹40,185 crore, dating back to borrowings taken between 2010-12, some of which five banks have declared as fraud. The ED’s investigation remains ongoing.

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ED Seizes ₹3,000 Crore Reliance Group Assets

The Enforcement Directorate (ED) has attached assets worth over ₹3,000 crore belonging to the Anil Ambani-led Reliance Group, escalating its investigation into alleged money-laundering and diversion of bank funds.

The action covers more than 40 properties across Mumbai, Delhi, Noida, Pune, Hyderabad, Chennai, and Thane. The list includes commercial assets, land parcels, and Ambani’s Pali Hill residence in Mumbai.

According to the agency, the attachment follows a probe into Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL). Both firms reportedly received loans of over ₹5,000 crore from Yes Bank between 2017 and 2019, a large portion of which was allegedly routed through shell or connected entities in the form of “round-tripping.”

Investigators say several loans were sanctioned and disbursed on the same day, often without proper documentation or collateral. Many recipient firms were financially weak or inactive, indicating possible misrepresentation and internal control lapses.

The ED has also extended its investigation to Reliance Communications Ltd (RCOM) and related companies, citing suspected fund diversion of about ₹13,000 crore. Some of these funds were allegedly moved through fixed deposits and mutual funds before returning to group-linked entities.

Officials said proceeds from the attached assets will help recover public money lost through these transactions. More attachment orders are expected as the money trail is traced.

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