Anil Ambani

Anil Ambani skips appearance before ED in money laundering case

Reliance Group chairman Anil Ambani on Friday did not appear before the Enforcement Directorate for questioning in an alleged bank fraud-linked money laundering case, officials said. The agency wanted to record his statement in the Yes Bank linked money laundering case. However, he did not appear, the officials said. It was not immediately known if the ED has given him a fresh date. His wife Tina Ambani was also called for questioning but she sought an adjournment and may be called later, they said. The 66-year-old businessman was questioned for about 9 hours on Thursday regarding an alleged bank loan fraud linked to his group company Reliance Communication (RCOM). Anil Ambani was first questioned by the ED in August 2025 as part of an investigation related to his group companies. Multiple group companies of Anil Ambani face allegations of loan fraud and the ED recently constituted a special investigation team (SIT) to probe all these instances. The SIT was formed based on recen

CBI files fresh case against Anil Ambani, Reliance Communications

The CBI has registered a fresh case against industrialist Anil Ambani and Reliance Communications (RCOM) for allegedly cheating the Bank of Baroda during 2013-17 causing a wrongful loss of more than Rs 2,220 crore to the bank, officials said Thursday. The case stems from a complaint received from the bank on Tuesday, they said. "After registration of this case, the CBI has conducted searches at the residence of Anil Ambani and the registered offices of Reliance Communication Ltd. Various documents connected with this loan transactions have been recovered," a CBI spokesperson said in a statement. "The allegations in the FIR are that Bank of Baroda has suffered a loss of more than Rs 2,220 crore due to the loans availed by Reliance Communications which were allegedly diverted and misutilized by creating fictitious transactions with related parties," the spokesperson said. According to the officials, the account was declared a non-performing asset in 2017 itself. "However, based on t

Anil Ambani appears before ED again in RCOM money laundering case

Reliance Group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate here for a second round of questioning in connection with an alleged bank fraud-linked money laundering case. The 66-year-old businessman entered the federal probe agency's office in central Delhi around 10.30 am. Officials in the agency said they will record his statement under the provisions of the Prevention of Money Laundering Act (PMLA). He was first questioned by the ED in August 2025. The probe pertains to an alleged over Rs 40,000 crore worth bank fraud by his group company, Reliance Communications (RCOM). Ambani and his multiple group companies are facing allegations of loan fraud, and the ED recently constituted a special investigation team (SIT) to probe all these instances. The SIT was formed on the recent directions of the Supreme Court. The ED on Wednesday attached Ambani's Mumbai house, 'Abode', worth Rs 3,716 crore under the anti-money laundering law. According to informati

Anil Ambani's house worth ₹3.7K crore attached by ED under PMLA

The Enforcement Directorate attached Reliance Group chairman Anil Ambani's Mumbai house, 'Abode', worth Rs 3,716 crore under the anti-money laundering law, official sources said on Wednesday. The luxurious house, which is 66-metre high with 17 floors, is located in the Pali Hill area of Mumbai. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach the multi-storeyed house in the case linked to an alleged bank fraud by his group company Reliance Communications (RCOM), according to the sources. They said the attached asset's value is Rs 3,716.83 crore. Ambani, 66, is expected to appear before the federal probe agency here for his second round of questioning. He first deposed before the ED in August 2025 and had his statement recorded under the PMLA. With the latest order, the total value of the attachment in this case stands at about Rs 15,700 crore.

Every RBI fraud violation not open to court: HC on Anil Ambani case stay

The RBI's Master Directions aim to identify frauds and unscrupulous borrowers for timely action, and every violation of the same is not subject to judicial scrutiny, the Bombay High Court has said while lifting the stay on action by three banks to classify industrialist Anil Ambani's accounts as fraud. A bench of Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad on Monday quashed a single bench order of December 2025, which stayed the action initiated by three public sector banks based on the Master Directions issued by the RBI to classify Ambani's and Reliance Communications Ltd's bank accounts as fraud. The court allowed appeals filed by the three public sector banks and the auditor firm BDO India LLP against the December 2025 interim order passed by a single bench of the HC. The division bench held the single bench order as "perverse and illegal" and in breach of natural justice and said it suffers from "procedural irregularity and impropriety". The court in its ...

Bombay HC quashes stay order on fraud proceedings against Anil Ambani

In a setback to industrialist Anil Ambani, the Bombay High Court on Monday quashed a single bench interim order that stayed proceedings initiated against him and Reliance Communications Ltd to classify their bank accounts as fraud. A division bench of Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad allowed the appeals filed by three public sector banks and auditor firm BDO India LLP against the December 2025 interim order passed by a single bench of the HC. The division bench, while quashing the single bench order, termed it "illegal and perverse". Ambani's counsels sought the HC to stay its order so that they could approach the Supreme Court, but the request was declined. The banks last month challenged a December 2025 single-bench order granting interim relief to Ambani and his company. The order had cited violations of mandatory RBI rules and a classic case of banks "waking up from deep slumber" after years. The single bench order stayed all present and future acti

Anil Ambani tells Supreme Court he won't leave India without nod

Anil Ambani submits an affidavit to the Supreme Court stating he will not travel abroad without permission and will continue cooperating with ED and CBI in the RCOM fraud investigations

Won't leave India without permission, will cooperate: Anil Ambani tells SC

The Enforcement Directorate has issued fresh summons to Reliance Group chairman Anil Ambani to appear for questioning on February 26 after he skipped deposition this week, official sources said on Thursday. His wife, former actor Tina Ambani, has also sought adjournment twice and not deposed before the ED on her scheduled dates for February 10 and February 17. It was not clear if she too has been given a fresh date by the ED. The ED has called the couple to record their separate statements under the Prevention of Money Laundering Act (PMLA), ED officials had said. Anil Ambani once appeared before the ED in August 2025. It is understood that Tina Ambani has been called for questioning with regard to a money trail linked to the purchase of a luxury condominium in New York's Manhattan. The ED recently arrested former RCOM (Reliance Communication) president Punit Garg in the case. The New York property was "fraudulently" sold in 2023 during the corporate insolvency resolution proces

ED to issue fresh summons to Tina Ambani in money laundering probe

The Enforcement Directorate will soon issue fresh summons to Tina Ambani, wife of Reliance Group chairman Anil Ambani, for questioning in a money laundering case, officials said on Tuesday. Tina, 68, a former actor, was asked to depose by the federal agency here on Monday but she did not do so. She will be called again soon, the officials said. It is understood that she was called for questioning with regard to a money trail linked to the purchase of a luxury condominium in New York's Manhattan. The ED had recently attested former RCOM (Reliance Communication) president Punit Garg in this case. The agency has recently constituted a SIT to probe multiple cases of alleged bank fraud and linked financial irregularities against the Anil Dhirubhai Ambani Group (ADAG) on the directions of the Supreme Court.

ED constitutes SIT to probe cases against Anil Dhirubhai Ambani Group

The Enforcement Directorate has constituted a special investigation team (SIT) to probe the alleged banking and corporate fraud worth Rs 40,000 crore involving the Anil Dhirubhai Ambani Group (ADAG) and linked entities, official sources said on Monday. The SIT is led by an additional director-rank officer in the headquarters investigation unit (HIU) of the federal probe agency and comprises about half a dozen other investigators, the sources told PTI. The Supreme Court, while reviewing cases against ADAG, last week directed the ED to constitute an SIT that will undertake a "fair, independent, prompt and dispassionate" probe into the case. It had asked the Central Bureau of Investigation (CBI), which is also probing the group, to look into the nexus, collusion, connivance and conspiracy, if any, and take its investigations to their logical conclusion. The ED has been probing Anil Ambani and his Reliance Group companies since last year and has, till now, filed three Enforcement Case

SC asks CBI, ED to conduct 'fair, prompt' probes against Anil Ambani, ADAG

Last month, the Supreme Court asked the CBI and ED to file status reports on their investigations into alleged large-scale banking and corporate fraud

Supreme Court seeks status report from CBI, ED on probe into RCom group

The plea contends that the FIR registered by the CBI in August 2025, along with parallel ED proceedings, addresses only a limited portion of the alleged wrongdoing

SC issues notices to Anil Ambani, ADAG on PIL alleging banking fraud

The Supreme Court on Friday issued fresh notices to Anil Ambani and the Anil Dhirubhai Ambani Group (ADAG) on a PIL seeking a court-monitored probe into alleged massive banking and corporate fraud involving the firm and its group companies. The top court asked the CBI and the Enforcement Directorate, represented by Solicitor General Tushar Mehta, to file status reports in sealed cover in ten days on their ongoing probes into the alleged fraud. A bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi took note of the fact that Anil Ambani and the ADAG had already been served with the notices of the PIL filed by petitioner and former Union secretary E A S Sarma. On November 18, last year, the bench issued notices to the Centre, CBI, ED, Anil Ambani and ADAG on the PIL. The bench said it was granting the last opportunity to Anil Ambani and the ADAG to appear and file their responses in the case. The bench asked the Bombay High Court's Registrar General to ensure servic

Delhi HC refuses to halt show cause notice against Anil Ambani's son

The Delhi High Court on Monday refused to interdict a show cause notice issued by Union Bank of India to industrialist Anil Ambani's son Jai Anmol Ambani in relation to proceedings to declare fraudulent the bank account of Reliance Home Finance Ltd (RHFL). Justice Jasmeet Singh asked petitioner and RHFL director Jai Anmol Ambani to place his stand before the bank within 10 days and clarified that the effect of any consequent decision taken by the bank would be subject to the court order in the present matter. The judge asked the bank to pass a "speaking order" and place the same before the court. "I will not interdict a show cause notice. You argue in show cause. I will say whatever you have to say, they will ensure they address. Show cause notice I will not (interdict). I will not say they will not proceed. I will keep the writ petition pending. Let's see what the order is," the court told Jai Anmol Ambani. "It is agreed between the parties that the petitioner will reply to the sh

HC stays action by 3 banks against Anil Ambani, Reliance Communications

The Bombay High Court on Wednesday stayed all present and future actions by three banks seeking to declare the accounts of Anil Ambani and his company Reliance Communications Ltd as 'fraud', noting that the provisions of the RBI's Master Directions were violated in the process. The action was based on a forensic audit report prepared by an external auditor, BDO LLP, noted Justice Milind Jadhav. But this report cannot be relied upon because it had not been signed by a duly qualified chartered accountant (CA) as required under the Reserve Bank of India's 2024 Master Directions on fraud, the judge said. If interim relief was not given to Ambani and Reliance Communications, it would cause "grave and irreparable harm / loss", said the order. "Principles of natural justice are based on the maxim 'justice should not only be done but should manifestly be seen to be done,' the HC said, adding that a forensic audit report prepared by an external auditor cannot be relied upon by the banks to

ED questions Anil Ambani's son Jai for 2nd day in money laundering case

The Enforcement Directorate on Saturday questioned Jai Anmol Ambani, son of industrialist Anil Ambani, for the second consecutive day in a money laundering case linked to an alleged bank loan fraud, officials said. The statements of 34-year-old Anmol Ambai were recorded under the Prevention of Money Laundering Act (PMLA) for the first time on Friday, and the session is continuing on Saturday, they said. The Reliance Anil Dhirubhai Ambani Group did not respond to the development. The ED probe is related to Yes Bank, which, according to the officials, had an exposure of about Rs 6,000 crore in the Reliance Anil Dhirubhai Ambani Group as of March 31, 2017, which doubled to Rs 13,000 crore within a year. The companies involved included Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). A large portion of these investments turned into non-performing investments (NPIs) and the bank, subsequently, suffered a loss of Rs 3,300 crore from these dealings, the

Delhi HC quashes fraud tag on bank account linked to Jai Anmol Ambani

The court held that this could not amount to proper service and concluded that no notice had, in fact, been served before the adverse decision was taken

ED quizzes Anil Ambani's son Jai Anmol in Yes Bank loan fraud case

The Enforcement Directorate on Friday questioned Jai Anmol Ambani, son of industrialist Anil Ambani, in Delhi in a money laundering case linked to an alleged bank loan fraud, officials said. They said the statement of the 34-year-old was recorded under the Prevention of Money Laundering Act (PMLA), and it is expected to continue on Saturday. The ED probe is related to Yes Bank. The bank, as per the officials, had an exposure of about Rs 6,000 crore to Reliance Anil Dhirubhai Ambani Group (ADAG) as on March 31, 2017 and this figure doubled to Rs 13,000 crore within a year (as on March 31, 2018). The companies included Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). A "large" portion of these investments turned into non-performing investments (NPI) and the bank, subsequently, suffered a loss of Rs 3,300 crore from these dealings, the agency had alleged. Ambani senior too has been questioned by the ED in an alleged bank loan fraud case against the

ED questions Yes Bank's Rana Kapoor in Reliance Anil Ambani group case

The Enforcement Directorate on Monday questioned Yes Bank co-founder Rana Kapoor as part of a money laundering investigation against Reliance Anil Ambani group companies, officials said. The statement is being recorded under the Prevention of Money Laundering Act (PMLA), they said. The probe is related to the period between 2017-2019 when Yes Bank allegedly invested Rs 2,965 crore in Reliance Home Finance Ltd (RHFL) instruments and Rs 2,045 crore in Reliance Commercial Finance Limited (RCFL) instruments. By December 2019, these had become non-performing investments, the agency claimed. The outstanding was Rs 1,353.5 crore for RHFL and Rs 1,984 crore for RCFL, and the probe found that the two companies received public funds worth more than Rs 11,000 crore, according to the ED. "Before Yes Bank invested this money in Reliance Anil Ambani group companies, Yes Bank had received huge funds from erstwhile Reliance Nippon Mutual Fund. "As per SEBI regulations, Reliance Nippon Mutual Fund

CBI books Anil Ambani's son, Reliance Home Finance in ₹228 cr bank fraud

The CBI has booked the son of industrialist Anil Ambani, Jai Anmol Anil Ambani, and Reliance Home Finance Ltd. (RHFL) in a case of alleged cheating in Union Bank of India that caused a loss of Rs 228 crore to the public bank, officials said on Tuesday. The CBI acted on a complaint from the bank (erstwhile Andhra Bank) against Reliance Home Finance Ltd., Jai Anmol Anil Ambani and Ravindra Sharad Sudhakar, both directors in RHFL, they said. The company had availed credit limits to the tune of Rs 450 crore from the bank's SCF branch in Mumbai for business needs, the complaint stated. The bank had laid down the condition to maintain financial discipline including timely repayment, service of interest and other charges and submission of position of security and other required papers in time and routing the entire sale proceeds through the bank account. The company failed to pay the instalments to the bank and hence, the said account was classified as a non-performing asset (NPA) on ...