Key Highlights:
✔ ED’s marathon questioning – Anil Ambani interrogated for 8+ hours on foreign assets, loans, and transactions.
✔ Probe widens – Investigation covers Reliance Infrastructure, Yes Bank fraud, and Rs 12,000 crore loan irregularities.
✔ Ambani’s defense – Reliance Group denies money laundering claims, citing resolved cases and pending legal challenges.
ED’s Prolonged Questioning of Anil Ambani in Money Laundering Case
Mumbai, [Date] – In a significant development, Reliance Group Chairman Anil Ambani faced an intense eight-hour grilling by the Enforcement Directorate (ED) on Tuesday in connection with an ongoing money laundering investigation. The questioning, held at the ED’s Mumbai headquarters, revolved around Ambani’s foreign assets, domestic and overseas transactions, and alleged financial irregularities within his conglomerate.
Sources indicate that the industrialist may be summoned again in the coming days as the probe deepens. This follows last week’s sweeping raids by the ED on over 35 locations linked to Ambani, spanning multiple entities and individuals. The agency reportedly seized crucial documents and digital evidence during these searches.
Loan Transactions & Round-Tripping Under Scanner
During Tuesday’s session, the ED recorded Ambani’s statement, pressing him on suspicious loan transactions and related-party dealings—particularly involving Reliance Infrastructure. Investigators suspect undisclosed fund inflows and possible round-tripping, where money is cycled through multiple entities to obscure its origin.
Ambani has reportedly sought a week’s time to submit additional documents supporting his claims. Meanwhile, the agency is also scrutinizing a forensic audit of Reliance Home Finance Ltd (RHFL), which flagged loans worth Rs 12,000 crore to group-linked firms. These entities allegedly shared common directors, email domains, and addresses, raising red flags. While the Reliance Group disputes the loan figures, regulatory findings reveal that Rs 6,931 crore was classified as non-performing assets (NPAs) or written off by RHFL.
Yes Bank Fraud & Legal Standoff
The ED’s investigation doesn’t end there. Ambani and his companies are also under the lens for a Rs 3,000 crore loan fraud involving Yes Bank. The agency alleges that Rs 225 crore was paid as a bribe to the bank’s former CEO, Rana Kapoor, to secure favors. Another case involves Reliance Communications’ default on a Rs 1,050 crore loan from Canara Bank.
A Reliance Group spokesperson has denied all allegations, stating that RHFL’s matters were resolved after a Supreme Court-mandated management change in 2023. They also emphasized that other irregularities are sub judice, with Sebi’s order being contested before the Securities Appellate Tribunal (SAT) since 2024.
As the ED tightens its grip, the financial and legal troubles surrounding Anil Ambani’s empire continue to escalate, leaving industry watchers questioning what revelations might emerge next.
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