Page 2 - Anil Ambani

Reliance Infra, Reliance Power tank up to 54% from June highs; here's why

The ED has attached assets worth more than ₹7,500 crore linked to Reliance Group Chairman Anil Ambani as part of a money laundering probe against his group companies.

ED seizes ₹7,500 cr assets linked to Anil Ambani in money laundering probe

The ED has attached assets worth ₹3,084 crore linked to Anil Ambani, including his Mumbai home, a Delhi plot and other residential and commercial properties across major cities under the PMLA

Yes Bank lost over ₹2,700 crore in deals with Anil Ambani firms: CBI

Yes Bank suffered a loss of over Rs 2,700 crore due to the "unilateral decision" of its co-founder Rana Kapoor to invest in the Anil Ambani-led financial companies, said the CBI's charge sheet in a case pertaining to alleged fraudulent transactions between the bank and the industrialist's group entities. The Central Bureau of Investigation (CBI) last month filed a charge sheet against 13 people and entities, including Anil Ambani, Rana Kapoor and his family members, alleging criminal conspiracy, cheating and corruption related to loans and investments. The Federal probe agency's document said that further investigation was on regarding the role of Anil Ambani's son Anmol Ambani, the then executive director of Reliance Capital, in the case. The case is based on two separate complaints lodged by the Chief Vigilance Officer of Yes Bank. As per the charge sheet, the bank -- when Rana Kapoor was its managing director and chief executive officer -- made investments of Rs 5,010 crore in

CBI finds fund diversion via shell firms in Yes Bank-Anil Ambani Group case

The Enforcement Directorate is also investigating suspected irregularities in the same set of transactions that occurred during Rana Kapoor's tenure at Yes Bank

Bombay HC upholds SBI order on Anil Ambani, Reliance Comm fraud accounts

The Bombay High Court while upholding an order of the State Bank of India (SBI) classifying the accounts of industrialist Anil Ambani and Reliance Communications as fraud has said it was a reasoned order, and did not have any legal flaw. A bench of Justices Revati Mohite Dere and Neela Gokhale on October 3 dismissed a petition filed by Ambani, challenging the SBI order. The judgment, a copy of which was made available on Tuesday, said there was no merit in Ambani's plea as there was no "infirmity" in the SBI order of June 13, 2025. The court did not entertain the industrialist's contention that the order should be held as null and void because he was not given a personal hearing, and relevant documents were not furnished to him. The right available under the Reserve Bank of India's (RBI) Master Directions, under which the SBI passed its order, is that of making a representation and not of personal hearing, the high court noted. Ambani had submitted his response to the show-cause .

Bombay HC rejects Anil Ambani plea against SBI fraud classification

The Bombay High Court on Friday dismissed a petition filed by industrialist Anil Ambani challenging the State Bank of India's (SBI) decision classifying his and Reliance Communications' accounts as fraud. A bench of Justices Revati Mohite Dere and Neela Gokhale said there was no merit in the plea. A detailed copy of the judgement was not available immediately. The SBI had last year classified the accounts as fraud, alleging misappropriation of funds by entering into transactions that violated the terms of loans extended by it. Ambani moved the HC, arguing that the bank had not followed the principles of natural justice as it did not grant him a hearing. Certain documents, based on which the classification orders were passed, were not provided to him initially, and furnished only after six months, the petition claimed. The bank this year lodged a complaint with the Central Bureau of Investigation (CBI), which searched premises linked to Reliance Communications and Ambani's ...

ED conducts searches at Reliance Infrastructure premises in Fema probe

The Enforcement Directorate on Tuesday conducted searches in Maharashtra and Madhya Pradesh as part of a FEMA investigation being conducted against Anil Ambani Group company Reliance Infrastructure, official sources said. At least six premises of some linked entities in Mumbai and Mhow in Indore were searched, they said. The surprise action was part of a Foreign Exchange Management Act (FEMA) investigation being conducted against Reliance Infrastructure on charges of making some illegal remittances abroad, they said. The company said in a statement that the ED action was in relation to a matter "dating back 15 years". "In 2010, the company had awarded an EPC contract for the construction of the JR Toll Road (Jaipur ?Ringus Highway) to Prakash Asphaltings & Toll Highways." "This was a domestic contract with no foreign exchange involved," it said in a statement. The work was completed and the company has no continuing connection or relationship with the said contractor. The toll ..

Reliance Infra & Power distance themselves from CBI case on Anil Ambani

The CBI has filed chargesheets alleging fraudulent transactions between Anil Ambani's group companies (RCFL and RHFL), Yes Bank, and companies linked to the family of former Yes Bank chief Rana Kapoor

CBI chargesheet on Anil Ambani has no business impact: R-Infra and R-Power

Reliance Infrastructure and Reliance Power said CBI's chargesheet against Anil Ambani in connection with alleged loan fraud has no effect on their governance, stability, or daily operations

CBI files chargesheets in ₹2,796 crore fraud case against Anil Ambani firms

Besides Ambani, the CBI has also filed chargesheets against Rana Kapoor, Bindu Kapoor, Radha Kapoor, Roshni Kapoor, RCFL, RHFL, RAB Enterprises Private Limited, and other entities

ED registers fresh case against Anil Ambani, RCom in alleged SBI fraud

The Enforcement Directorate (ED) has widened its ongoing money-laundering probe against the group companies of Reliance Group chairman Anil Ambani, with the registration of a fresh case against Reliance Communication Limited (RCom) for an alleged Rs 2,929 crore loan fraud with the SBI, official sources said. An Enforcement Case Information Report (ECIR), the ED's equivalent for a police FIR, has recently been filed by the federal probe agency, taking cognisance of a CBI complaint registered on August 21, the sources said. The Central Bureau of Investigation (CBI) carried out searches at the premises ofom and the residence of Ambani in Mumbai on August 23 as part of this SBI-linked investigation. The accused in the latest ED case are the same as in the CBI FIR, which includedom-Mumbai, its director Anil D Ambani, unidentified public servants and others on the basis of a complaint from the State Bank of India (SBI). The money-laundering investigation has been enlarged to look into all

Bank of Baroda classifies RCom, Anil Ambani loan accounts as 'fraud'

The move follows similar actions by the State Bank of India and Bank of India, which flagged RCom loans citing diversion of funds in 2016

Reliance Comm, Power, Infra hit 5% lower circuit as CBI books Anil Ambani

Anil Ambani's firm's stocks plunged as the CBI filed a case and carried out searches after a fraud complaint from the State Bank of India

Anil Ambani denies 'fraud' allegations after Bank of India's move

These actions are contrary to the RBI regulations issued in July 2024, as well as to well-established law and the judgments of the Hon'ble Supreme Court and the Hon'ble Bombay High Court.

After SBI, Bank of India declares RCom, Anil Ambani's account fraudulent

After the State Bank of India, Bank of India has classified the loan account of insolvent Reliance Communications as fraudulent and named its former director, tycoon Anil Ambani, citing alleged fund diversion in 2016, according to a regulatory filing. State-owned Bank of India granted a Rs 700 crore loan in August 2016 to Reliance Communications for its ongoing capital and operational expenditure and repayment of existing liabilities. Half of the sanctioned amount disbursed in October 2016 was invested in a fixed deposit, which was not permitted as per the sanction letter, according to the bank's letter that RCom disclosed in a stock exchange filing. RCom said that it has on August 22 received a letter from Bank of India dated August 8 stating the bank's decision "to classify the loan accounts of the company, Anil Dhirajlal Ambani (promoter and erstwhile director of the company), and Manjari Ashok Kacker (erstwhile director of the company), as Fraud". Previously, State Bank of India

Anil Ambani refutes all charges following CBI action in bank fraud case

At present, Reliance Communications is being managed under the supervision of a Committee of Creditors, led by SBI and overseen by a Resolution Professional

CBI books Anil Ambani's RCom for ₹2,000 cr bank fraud, searches premises

The CBI has filed a case against Reliance Communications and searched its premises on Saturday in connection with an alleged bank fraud that caused a loss of over Rs 2,000 crore to the State Bank of India, officials said. The agency is conducting searches at the premises linked to RCOM and its Promoter Director Anil Ambani, they said. The entities were classified as fraud on June 13 in accordance with the RBI's Master Directions on Fraud Risk Management and Bank's Board-approved Policy on Classification, Reporting & Management of Frauds, Minister of State for Finance Pankaj Chaudhary had said in a written reply in the Lok Sabha last month. "On June 24, 2025, the bank reported classification of fraud to RBI, and is also in the process of lodging complaint with CBI," he had said. More details are awaited.

Sebi rejects Anil Ambani's settlement plea over Yes Bank investments

According to the documents reviewed by Reuters, the investment was made in exchange for loans from Yes Bank to other group companies

ED to widen alleged Rs 17,000 crore bank-fraud investigation probe

The agency is also likely to call for questioning former senior officials of Canara Bank and Bank of Baroda

Datanomics: Bank fraud accounts for 30% of cases investigated by ED

The number of fraud cases investigated by the ED has been steadily increasing, over a decade till 2024