Official sources said that Reliance Group President Anil Ambani appeared before the Enforcement Directorate on Tuesday (August 5, 2025) to inquire in a money laundering case, which was related to several bank debt fraud cases during crores of rupees against his group companies.
He reached the office of the Central Investigation Agency in Central Delhi around 11 am
The ED will record the statement of a 66 -year -old businessman under the Prevention of Money Laundering Act (PMLA).
On July 24, summons come after the agency discovered in 35 campuses of 50 companies and 25 people, including its business group officials in Mumbai.
Yes, allegations of ‘gross violation’ in bank loan approval
The action belongs to the alleged financial irregularities and collective debt “diversion”, which is more than 17,000 crores by several group companies of Anil Ambani, including Reliance Infrastructure (R Infra).
The first charge is related to the “illegal” loan turn of ₹ 3,000 crore given by Yes Bank to Ambani’s group companies between 2017 and 2019.
ED suspects, sources said that just before providing loans, yes bank promoters received “money” in their companies.
The agency is investigating “bribe” and this connivance of debt.
Sources said that ED is also investigating allegations of “gross violation” in the approved of these companies, including the bank’s credit policy violations, such as any proposed credit approved memorandum and investment without any appropriate hard work/credit analysis.
The loan has been “diverted” by several group companies and “shell” (fake) companies involved.
The agency is also looking at some examples of loans given to institutions with weak financials, according to sources, according to sources, lack of proper documentation of loans and proper hard work, general addresses of borrowers and general directors in their companies, etc. The money laundering case stems from at least two CBI FIRs and the National Housing Bank, SEBI, National Financial Reporting Authority and the reports shared with the ED, he said.
Closure of public money
Sources said that these reports indicated that there was a “well -employed and idea” to remove or cordon public funds by cheating banks, shareholders, investors and other public institutions.
Based on the SEBI report, the other allegation being investigated by the ED is that R. Infra “diverted” the funds objected in the form of inter-corporate deposits (ICD) for group companies through a company called CL. It has been alleged that R Infra did not disclose CL as his “related party” to avoid approval from shareholders and audit panels to CLE.
A Reliance Group spokesperson denied any wrongdoing and said in a statement that the allegation of an alleged turn of 10,000 crore for an unknown party was a 10 -year -old case and the company said in its financial statements that its exposure was only around 00 6,500 crores.
The statement said that Reliance Infrastructure publicly disclosed the matter on 9 February 2025, about six months ago. “The compulsory arbitration proceedings organized by a retired Supreme Court judge and the arbitration award filed before the Honorable Bombay High Court, Reliance Infrastructure arrived in a compromise, which entered into an agreement to fix 1005 explosions of ₹ 6,500 crore,” said this.
The company said that Ambani was not in the board of more than three years (March 2022).
The central government recently informed the Parliament that State Bank of India classified RCom as “fraud” with Ambani and was also in the process of filing a complaint with the CBI.
Sources said that between RCom and Canara Bank, a bank loan of more than 1,050 crore is also subject to the ED scanner, in addition to some “unknown” foreign bank accounts and assets, the sources said.
Reliance Mutual Fund has also been asked to invest in AT -1 bond and 2,850 crores, and the agency is a “Kwid Pro Quo” here.
Additional Tier 1 (AT -1) banks have always issued bonds to increase their capital base, and they are at risk compared to traditional bonds, high interest rates.
Published – August 05, 2025 11:40 am IST