The Enforcement Directorate (ED) has summoned Reliance Group Chairman and Managing Director Anil Ambani for questioning in connection with the ongoing investigation into the alleged ₹ 17,000 crore loan fraud case. The Financial Crime Investigation Agency raided the locations of 50 companies and 25 people, including senior officials of Reliance Anil Dhirubhai Ambani Group companies last week. Two loans under the investigation were given to RHFL and RCFL by Yes Bank.
The ED has summoned Reliance Group President Anil Ambani on August 5 for questioning in the alleged debt fraud -related money laundering case against his group companies. Official sources gave this information on Friday (1 August, 2025). Sources said that Ambani (66) has been called to ED headquarters in Delhi due to the case being registered in Delhi. He said that the agency will record his statement under Ambani’s appearance Act on the appearance of money laundering Act.
Also read this: Amit Shah Assam Visit | Amit Shah will come to Assam to inaugurate the newly constructed Raj Bhavan on August 29
Some officers of his group companies have also been asked to appear in the next few days. Last week, the federal agency raided the premises of 25 people, including 35 campuses of 50 companies and Anil’s business group officials. The raid, which started on July 24, continued for three days. The action was taken by several group companies of Anil Ambani, including Reliance Infrastructure (R. Infra), to use alleged financial irregularities and collective loans of more than Rs 17,000 crore in some other work.
Based on a SEBI report, the agency found that R Infra transferred funds as an inter-corporate deposit (ICD) to Reliance Group companies through a company called CLE. It is alleged that R Infra did not reveal CLE as its respective party to avoid the approval of shareholders and audit panels.
Also read this: Jeet ji should not run government schemes in the name of any leader, Madras HC instructed the Tamil Nadu government
A spokesperson of the Reliance Group said in a statement that an amount of Rs 10,000 crore is alleged to have allegedly transferred to an unknown side. The spokesman said that the company had stated in its financial descriptions that its dues are around Rs 6,500 crore. The statement stated that the Reliance Infrastructure (R Infra) publicly disclosed the case on 9 February 2025, about six months ago.
The spokesman said, “Through compulsory arbitration proceedings organized by a retired judge of the Supreme Court and filed in the Bombay High Court, Reliance Infra signed an agreement to recover his entire dues of Rs 6,500 crore.” The company said that Anil Ambani has not been in R. Infra’s board for more than three years (March 2022). Between ED 2017-2019, Ambani’s group companies are also investigating allegations of using illegal loans worth about Rs 3,000 crore from Yes Bank in other works.
According to sources, the Enforcement Directorate (ED) has found that just before the loan was given, the promoters of Yes Bank received funds in their establishments. The agency is investigating bribery and this alliance. Sources said that the Enforcement Directorate is also investigating allegations of severe violations in the sanctions related to these companies to give loans to these companies. This includes allegations such as the previous date loan approval memorandum and proposed investment without any appropriate investigation/loan analysis, violating the bank’s loan policy.