ED Summons Anil Ambani for Questioning in Money Laundering Case

ED Calls Anil Ambani for Interrogation

The Enforcement Directorate (ED) has summoned Anil Ambani, chairman of the Reliance Group, for questioning on August 5 regarding a money laundering case involving his companies. This information was confirmed by official sources on Friday.

According to sources, Ambani, aged 66, is required to appear at the ED headquarters in Delhi due to the case being registered there.

Upon his appearance, the agency plans to record his statement under the Prevention of Money Laundering Act.

Recent Raids on Ambani's Business Entities

Last week, the federal agency conducted raids at several locations associated with his business group and its officials. This operation, which began on July 24, lasted for three days.

The action was taken in response to allegations of financial irregularities involving Ambani's companies and the misuse of collective loans exceeding ₹10,000 crores for other purposes.

Extensive Searches Conducted

Searches were carried out at over 35 locations in Mumbai, targeting premises linked to 50 companies and 25 individuals, including several officials from the Anil Ambani group.

Sources from the ED indicated that the investigation primarily revolves around allegations concerning loans amounting to approximately ₹3,000 crores received from Yes Bank by Ambani's companies between 2017 and 2019, which were allegedly diverted for other uses.