Anil Ambani Pledges Not to Leave India Without Court Permission Amid RCOM Fraud Probe

Industrialist Anil Ambani has formally committed to remaining in India and cooperating with authorities investigating alleged fraud involving Reliance Communications Ltd (RCOM) and affiliated entities, as per news reports. 

Court-Approved Travel Restrictions 

A compliance affidavit filed in response to a public interest litigation by EAS Sarma, Ambani pledged not to travel abroad without Supreme Court permission. This reiterates a prior assurance given by his counsel, Senior Advocate Mukul Rohatgi, on February 4, 2026. 

Ambani stated he has resided in India since investigations began in July 2025 and has no immediate foreign travel plans. Any future international trips require court approval. 

Cooperation with Investigative Agencies 

The affidavit confirms Ambani's ongoing cooperation with the Enforcement Directorate (ED). He has agreed to appear as summoned and is currently providing a statement under Section 50 of the Prevention of Money Laundering Act, 2002.  

Ambani clarified his role as a non-executive director with no involvement in day-to-day operations. 

Alleged Fraud Details 

Sarma's petition alleges RCOM, Reliance Infratel, and Reliance Telecom secured ₹31,580 crore in loans from a State Bank of India-led consortium between 2013-2017.  

A forensic audit identified fund diversions, including loan proceeds used for unrelated debt repayment, transfers to connected entities, and short-term mutual fund/fixed deposit investments. 

The Central Bureau of Investigation (CBI) registered an FIR on August 21, 2025, while the ED initiated money laundering proceedings. The petition contends these probes address only partial irregularities, omitting potential bank/regulatory collusion. 

Read More: Reliance and Jio Commit ₹10 Lakh Crore to AI Development Over 7 Years! 

Supreme Court Directives 

On February 4, 2026, the Supreme Court ordered the ED to form a Special Investigation Team for the allegations and directed the CBI to investigate possible bank official collusion. The court cited the scale of public funds involved as justification for judicial oversight. 

Conclusion 

Anil Ambani's affidavit formalizes his commitment to judicial process cooperation in the RCOM fraud investigation. His travel restrictions and ED collaboration assurances follow Supreme Court directives for a comprehensive probe into the ₹31,580 crore alleged bank fraud. The case highlights judicial scrutiny of large-scale financial irregularities involving public sector banks. 

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