Ed summons Anil Ambani in Rs 17,000 crores Loan Fraud Case Week after raids in the premises
Anil Ambani, the president and managing director of Reliance Group, was summoned by the Directorate of the Application of Laws (ED) as part of an ongoing investigation into an alleged case of fraud with a loan of 17,000 breaks of rupees. ED asked for the presence of Ambani for questioning their head office in New Delhi on August 5, 2025, after recent raids on several locations associated with its commercial interests in Mumbai.
The urgency survey is carried out under the law on the prevention of money laundering (PMLA) and consists in examining the activities of around 50 companies and 25 people related to the appeal group. This development comes as the Securities and Exchange Board of India (SEBI) shared the results of a separate survey with various financial regulatory organizations.
The Sebi report indicates that the reliance infrastructure would have diverted around 10,000 roots from rupees through a company named the name PVT Ltd. This company was not disclosed as a related part, and the diversion would have been masked as inter-company deposits. The documents show that CLE managers have used email addresses linked to the Reliance Ada group, suggesting close links with the organization.
A person close to the Reliance group commented on Sebi’s conclusions, declaring: “Reliance Infrastructure publicly revealed this issue on February 9, and Sebi made no independent discovery.” This source also challenged the reported figures, claiming that the exposure amounted to Rs 6,500 crosses, not the crore of 10,000 rupees mentioned by SEBI.
“When the exposure was Rs 6,500 crosses, how can the diversion be from Rs 10,000 Crere? Reliance Infra has already undergone compulsory mediation under a retired Supreme Court judge and was deposited for the High Court of Bombay,” said the source.
SEBI allegedly alleged that between the 2017 financial year and the exercise 21, Reliance Infrastructure has struck down RS 10,110 crosses due to provisions and deficiencies. Transactions with CLE rose to Rs 8,302 crore on March 31, 2022 and involved various financial instruments. The market regulator probe covers transactions from the 2016 financial year to financial year 23, highlighting significant asset allowances in Cle, which have not been officially disclosed to shareholders or listeners.
The report has also questioned the defect in infrastructure reliance to identify CLE as a related entity, a decision that suggests SEBI aimed to bypass the necessary audits and the approvals of the shareholders. It is reported that between the 2013 and 23, 25% to 90% of the assets of the reliance infrastructure were allocated to CLE.
