Enforcement Directorate

CBI flags ₹73,000 cr fraud in Anil Ambani Group probe; ED flags IBC issues

The Central Bureau of Investigation (CBI) is probing bank loan frauds cumulatively worth Rs 73,000 crore in seven cases registered against the Reliance Anil Ambani Group, according to a status report filed in the Supreme Court in February. The CBI informed the court that it is actively investigating seven cases, and is probing the roles of certain public servants as well. After reviewing the status report filed by the CBI and its financial investigations counterpart, the Enforcement Directorate (ED), the apex court issued an order on March 23. "...the losses in the other cases also come to several thousands of crores, totalling claims of approximately Rs 73,006 crore," the apex court order said, referring to the CBI probe. A response from the Reliance Group to a query sent by PTI regarding this development is awaited. The ED told the court that it seized certain documents that speak about a purported "Project Help", indicating that insolvency proceedings were "deliberately" starte

Court sends Al-Falah group chairman to judicial custody in 2nd PMLA case

A Delhi court on Saturday remanded Al-Falah group chairman Jawad Ahmad Siddiqui in 14 days of judicial custody, in connection with a money laundering case linked to the "fraudulent" acquisition of a Rs 45 crore worth land in Delhi. Siddiqui was produced before Additional Sessions Judge Sheetal Chaudhary Pradhan on Saturday, at the conclusion of his ten-day ED custody granted on March 25. He has now been sent to judicial custody till April 17. On March 24, the ED arrested Siddiqui in his second case under the Prevention of Money Laundering Act (PMLA). Their probe found that "forged" documents were prepared and used for fraudulent acquisition of land, and Siddiqui, director and majority shareholder of Tarbia Education Foundation, connived with some individuals and orchestrated the fabrication. The disputed 1.14-acre land is located at 'Khasra No. 792' in Madanpur Khadar village of the national capital, and it is valued at Rs 45 crore, as per the ED. The agency said the consideration

HC gives Kejriwal, others last chance to reply to ED in excise policy case

The Delhi High Court on Thursday gave a final opportunity to former chief minister Arvind Kejriwal, his deputy Manish Sisodia and others to respond to a plea by the Enforcement Directorate to expunge "unwarranted" remarks made against it by the trial court while discharging them in the liquor policy case. Observing that none of the respondents, except one, filed their responses even after seeking time on the last date of hearing, Justice Swarana Kanta Sharma said the court will hear arguments in the case on April 22. "Last opportunity is granted to file reply, failing which the right to file reply will close. Arguments will be heard on the next date of hearing. List on April 22," the judge said. Additional Solicitor General S V Raju, appearing for the agency, said except Vinod Chauhan, others have chosen not to file their reply to the petition. On March 19, the court granted time till April 2 to Kejriwal and other respondents to reply to the ED's plea to expunge the remarks against

ED raids I-PAC executives, others in West Bengal coal 'scam' case

The Enforcement Directorate (ED) on Thursday conducted fresh searches at some premises linked to the executives of political consultancy firm I-PAC and some others in multiple cities, officials said. The raids are being undertaken at locations in Bengaluru, Hyderabad, and Delhi in connection with an alleged coal smuggling and pilferage scam of West Bengal, according to officials. The premises of I-PAC co-founder and director Rishi Raj Singh are among those covered, they said. The federal probe agency conducted raids in this case in January at the I-PAC office as well as at the Kolkata residence of its founder and one of the directors, Pratik Gandhi. Singh and Jain were recently summoned by the ED to record their statements. They have approached the Delhi High Court to quash these notices issued to them, citing ongoing election work in West Bengal and Tamil Nadu.

ED to file chargesheet in ₹40k cr loan 'fraud' involving ex-RCOM president

The Enforcement Directorate may on Friday file a chargesheet as part of its money laundering probe into an alleged Rs 40,000 crore loan fraud involving Reliance Group chairman Anil Ambani's group company RCOM and its past executives, official sources said. The prosecution complaint will be filed under the Prevention of Money Laundering Act (PMLA), and former Reliance Communications (RCOM) president Punit Garg and few others are expected to be named as accused, sources said. Garg, 61, was arrested by the ED in January. The former company president, while holding senior managerial and directorial positions in RCOM over an extended period from 2001 to 2025, was actively involved in the acquisition, possession, concealment, layering, and dissipation of proceeds of crime generated from the said bank fraud, the ED has claimed. The alleged laundered funds were "diverted" through multiple foreign subsidiaries and offshore entities of RCOM, it claimed. The agency had in December 2025 filed

Bank fraud case: ED attaches ₹7.5-cr asset near London's Heathrow Airport

An immovable asset worth Rs 7.5 crore and located near London's Heathrow Airport has been attached under the anti-money laundering law in connection with an alleged bank loan fraud case, the Enforcement Directorate (ED) said on Wednesday. The provisional attachment order was issued on Tuesday in the case involving Neo Corp International Ltd, and its directors and promoters, the federal agency said in a statement. The market value of the attached asset is about Rs 7.5 crore and it is situated near the Heathrow Airport in London, it said. The ED case filed under the Prevention of Money Laundering Act (PMLA) stems from two FIRs registered by the Central Bureau of Investigation (CBI). The first case involves a company named Poly Logic International Pvt Ltd, its director Utkarsh Trivedi and others who are accused of cheating the Punjab National Bank of Rs 57 crore. The second case is against Neo Corp International, its MD Sunil Kumar Trivedi and others who are alleged to have defrauded

Fino Payments Bank tanks 19%, stock hits record low

In the past seven trading days, the market price of Fino Payments Bank was down 33 per cent despite the bank denied any involvement in betting or gaming activities.

SC asks CBI, ED to ensure fair probe into ADAG firms, flags reluctance

The Supreme Court on Monday expressed displeasure over the "reluctance" shown by the CBI and the ED in probing the alleged large-scale banking fraud involving the Anil Dhirubhai Ambani Group and its firms, and directed them to conduct a "fair, dispassionate, transparent, and time-bound" investigation into the matter. A bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi took note of the submissions of Solicitor General Tushar Mehta, appearing for the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED), and directed all concerned financial institutions to "render full cooperation to the ED". Hearing a PIL filed by former bureaucrat E A S Sarma seeking a court-monitored investigation into alleged loan frauds exceeding Rs 40,000 crore by Anil Dhirubhai Ambani Group (ADAG) firms led by Anil Ambani, the bench permitted the central probe agencies to approach it in case there is any reluctance on the part of other government ...

ED conducts raid at 10 places across Bengal in illegal call centre case

The Enforcement Directorate (ED) on Monday conducted searches at multiple locations in poll-bound West Bengal as part of a probe into the operations of an alleged illegal call centre, officials said. About 10 premises in Siliguri, Howrah, Bidhannagar and Durgapur were raided. The probe pertains to the activities of an "illegal" call centre, the officials of the federal probe agency said. It was not immediately clear if the probe is linked to some political funding or inducements linked to the electoral process. Persons named Surashree Kar, Samrat Ghosh and Subhajit Chakraborty, apart from some others, are those being searched. A number of people are alleged to have been duped through the call centres that are under the scanner, they said. The Election Commission on Sunday announced the schedule for the assembly polls in West Bengal, stating that the state will have polls in two phases on April 23 and 29. Votes will be counted on May 4 along with three states of Assam, Kerala and Tam

ED attaches 31 immovable properties worth ₹581.65 crore in RHFL, RCFL case

The attached properties are in the form of land parcels situated in Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, Bengal, Andhra, and Rajasthan

ED conduct searches against Reliance Power Ltd in Mumbai, Hyderabad

The Enforcement Directorate on Friday conducted searches at multiple locations in Mumbai and Hyderabad as part of an investigation against Reliance Power Ltd., a group company of businessman Anil Ambani, officials said. About 10-12 locations linked to the said company and its executives are being searched in the two cities, they said. About 15 teams of the agency are undertaking the action, the officials said. A query sent to the Reliance Group did not elicit an immediate response. The ED is investigating multiple companies linked to Anil Ambani as part of an alleged bank fraud linked money laundering case apart from financial irregularities under the Foreign Exchange Management Act (FEMA). Anil Ambani, 66, has been questioned twice by the ED under the anti-money laundering law as part of this investigation. The ED has formed a special investigation team (SIT) to probe the cases against Ambani's group companies on the directions of the Supreme Court. According to information fur

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

Excise policy case: Delhi court closes CBI case against Kejriwal, 22 others

A Delhi court discharged all 23 accused, including Arvind Kejriwal and Manish Sisodia, saying the CBI failed to prove any conspiracy or criminal intent in the excise policy case

ED files for prosecution sanction against P Chidambaram in 2 PMLA cases

The Enforcement Directorate on Thursday said it wants an expeditious trial against Congress leader P Chidambaram in two money laundering cases, Aircel-Maxis deal and INX Media, as it has submitted the required sanction for prosecution against the former Union finance minister before a designated court. The federal probe agency had filed a chargesheet in the Aircel-Maxis case in 2018 and in the INX Media case in 2020 at the special Prevention of Money Laundering Act (PMLA) court in Delhi (Rouse Avenue) and the court took their separate cognisance in 2021. However, in November 2024, the Supreme Court directed (in the ED vs Bibhu Prasad Acharya case) that sanction for prosecution is mandatory in a PMLA chargesheet, similar to such an approval furnished while filing a chargesheet under the Criminal Procedure Code (CrPC). Subsequent to this judgement, many accused charged under PMLA challenged the proceedings in multiple legal forums, leading to a delay in the trial including in these ..

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.

Gurugram project fraud: ₹82 crore assets seized, 1,000 buyers left stranded

15 Years, No Possession: ED Acts in ₹82 Cr Gurugram Case

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

I-PAC raids: SC adjourns to Mar 18 ED's plea against interference by Mamata

The Supreme Court on Tuesday adjourned to March 18 the hearing on a plea moved by the ED alleging obstruction by the West Bengal government, including by Chief Minister Mamata Banerjee, in its search operation at the I-PAC office and the premises of its director in connection with an alleged coal pilferage scam. A bench of Justices Prashant Kumar Mishra and KV Viswanathan deferred the matter after Solicitor General Tushar Mehta told the court that a rejoinder will be filed during the day. The top court on January 15 said the West Bengal chief minister's alleged "obstruction" in ED's probe is "very serious" and agreed to examine if a state's law-enforcing agencies can interfere with any central agency's probe into any serious offence as it stayed FIRs against the agency's officials who raided political consultancy I-PAC on January 8. The top court, while staying the FIRs filed in West Bengal against ED officials, also directed the state police to protect the CCTV footage of the ...

Tina Ambani skips ED questioning for second time in money laundering case

Reliance Group chairperson Anil Ambani's wife Tina Ambani on Tuesday skipped the Enforcement Directorate (ED) summons for the second time on Tuesday. The former actor, summoned in connection with a money laundering case, did not appear before the federal probe agency on February 10 following which she was issued the fresh notice. It was not immediately known if she furnished some grounds to the investigating officer of the case for her non-appearance. The ED may issue her fresh dates, officials said. Once she deposes, Tina Ambani will be questioned and her statement will be recorded under the Prevention of Money Laundering Act (PMLA), they said. Anil Ambani, 66, has also been asked to depose before the agency on Wednesday for the second time as part of the investigation linked to multiple Reliance Group companies and their bank loans. He first appeared before the ED in August 2025. It is understood that Tina Ambani has been called for questioning with regard to a money trail linke