Loan ‘fraud’: ED summons Anil Ambani for questioning on August 5

Loan ‘fraud’: The Enforcement Directorate (ED) has summoned Reliance Group Chairman Anil Ambani for questioning on August 5, 2025. Ambani has received the ED summons in connection with the ongoing investigation into the alleged loan fraud case by his company. According to the information, the case is allegedly related to the misappropriation of loans taken from banks and misuse of funds. ED suspects that the amount of these loans was transferred to other places through money laundering.

The agency is investigating this entire financial transaction in depth and an attempt will be made to clarify Anil Ambani's role through questioning.

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Anil Ambani called to ED headquarters in Delhi

According to sources, 66-year-old Ambani has been called to the ED headquarters in Delhi, as the case is registered there. The agency will record his statement under the Prevention of Money Laundering Act (PMLA) during interrogation. It is believed that this summons has been sent in connection with the investigation of alleged misuse of bank loans taken by Reliance Group companies and financial irregularities.

Why ED summons sent?

This action has come to light after the raids started on 24 July 2025, which lasted for three days. During this, the ED raided more than 35 locations in Mumbai which belonged to 50 companies and 25 individuals associated with the Anil Ambani Group. The investigation has revealed that several companies of the group allegedly misappropriated loan amounts of more than ₹ 10,000 crore and diverted it to various companies and shell firms.

Allegations related to Yes Bank

A major focus of the ED investigation is on a loan of ₹ 3,000 crore, which was given to the group companies by Yes Bank between 2017 and 2019. It is alleged that funds were transferred to Yes Bank promoters through related entities just before these loans were issued, which the ED is looking into as “loan in exchange for bribe”. The loan approvals are said to have involved backdated credit approval memos, investments without proper valuation, and violation of the bank’s credit policy.

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Role of SBI and other banks

The Government of India recently informed the Parliament that SBI has classified RCom and Anil Ambani as “fraud” and is in the process of filing a complaint with the CBI soon. Apart from this, the ED is also investigating a ₹1,050 crore loan fraud between RCom and Canara Bank.