₹17,000 Crore Loan Fraud Probe: Anil Ambani Asks One Week to Submit Documents to ED

In a significant development, industrialist Anil Ambani has sought a one-week extension from the Enforcement Directorate (ED) to provide documents linked to a major ₹17,000 crore loan fraud case, as per the ANI report. The request followed a 9-hour-long interrogation session conducted on Monday, 4 August, under the provisions of the Prevention of Money Laundering Act (PMLA).

First Questioning Session and Ongoing Investigation

This was the first time the ED questioned Anil Ambani in connection with the alleged fraud case. According to the report, the investigation centres around suspected financial irregularities by companies associated with the Reliance Anil Dhirubhai Ambani Group (RAAGA). The ED is examining charges of money laundering, illegal loan disbursals, and fund diversion across multiple entities.

Look Out Circular Issued, Reliance Infra Responds

As per the report, officials also confirmed that a Look Out Circular (LOC) had earlier been issued against Ambani as part of precautionary enforcement steps. In response, Reliance Infrastructure clarified that the case pertains to an exposure of ₹6,500 crore, which was publicly disclosed in February 2025. 

The company added that it pursued recovery through mediation and secured a full settlement award. It also noted that Anil Ambani has not been a board member since March 2022.

Also Read: ₹17,000 Crore Loan Fraud Allegations: What Is the Case and Why Is Anil Ambani Under the Radar?

Conclusion

With the ED investigation still underway, Ambani’s request for additional time to submit documents points to continued engagement with authorities. As scrutiny intensifies around companies tied to Anil Ambani-led Reliance Group, the outcome of this high-profile probe will likely influence the wider corporate and regulatory landscape.

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