Anil Ambani to face ED in ₹17,000 crore money laundering investigation

Mumbai: Anil Ambani, Chairman of the Reliance Group, has been summoned by the Enforcement Directorate (ED) for questioning on August 5, 2025, in connection with an alleged ₹17,000 crore loan fraud. The central agency is investigating financial irregularities involving multiple group entities and banks under the Prevention of Money Laundering Act (PMLA).

Details of the Investigation

The summons follows a series of raids conducted by the ED at more than 35 locations in Mumbai with ties to Ambani's business interests. The probe is centered on accusations of illegal diversion of loan funds.

• Yes Bank Loans: A key focus of the investigation is a suspected diversion of around ₹3,000 crore in loans from Yes Bank to Ambani's companies between 2017 and 2019. The ED is looking into a potential link between these loans and payments allegedly made to Yes Bank promoters.

• SEBI's Findings: A report from the Securities and Exchange Board of India (SEBI) has also been shared with the ED. The report alleges that Reliance Infrastructure funneled approximately ₹10,000 crore through an undisclosed related party, a company named CLE Pvt Ltd. These funds were allegedly disguised as inter-corporate deposits and moved without proper approvals. Sources close to the Reliance Group have contested this figure, stating the actual amount was ₹6,500 crore.

• Other Allegations: The ED is also investigating a fake bank guarantee racket. It's alleged that a bogus guarantee worth ₹68.2 crore was submitted to the Solar Energy Corporation of India (SECI) on behalf of companies linked to the group.

Company and Stock Market Response

In response to the raids, both Reliance Power and Reliance Infrastructure issued statements to stock exchanges. They clarified that Anil Ambani is not on their boards and that the ED's actions had "absolutely no impact" on their business operations or financial performance.