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Anil Ambani Summoned by ED to Appear on November 14 in ₹2,929 Crore Reliance Communications Money Laundering Case
Anil Ambani faces questioning over alleged fraudulent diversion of Rs 17,000 crore in bank loans by various Reliance ADAG entities, with properties worth Rs 3,084 crore attached, ED said.
- On November 14, the Enforcement Directorate summoned Reliance Group Chairman Anil Ambani to appear at its Delhi headquarters in a money‑laundering probe tied to alleged State Bank of India loan fraud.
- Investigators say the probe uncovered fraudulent diversion of public money by Reliance Anil Dhirubhai Ambani Group entities including Reliance Communications Ltd, Reliance Home Finance Ltd, Reliance Commercial Finance Ltd, Reliance Infrastructure Ltd, and Reliance Power Ltd, with mala fide conduct such as fabricated paperwork and disbursals made ahead of approvals.
- The agency found analysis of loan records showed money was disbursed before formal sanction, indicating back‑dating and pre‑decided payouts, while more than 42 properties valued at over Rs 3,083 crore were provisionally attached.
- Loan ledgers reveal RHFL and RCFL borrowed from over 35 banks and financial institutions, with large portions of loans unpaid or diverted through inter‑corporate deposits to group and shell entities allegedly controlled by Reliance ADAG.
- Nearly three months since prior questioning, ED flagged fund flows from Reliance Nippon Mutual Fund to Yes Bank under SEBI rules, and Ambani's representatives are yet to respond.
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Total News Sources20
Leaning Left3Leaning Right6Center0Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
L 33%
R 67%
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