ED Issues Summons to Anil Ambani Over ₹17,000 Crore Loan Fraud

As per news reports, in a major development, Anil Ambani, chairman of Reliance Group, has been summoned by the Enforcement Directorate (ED) in an ongoing investigation into an alleged ₹17,000 crore loan fraud, as per Economic Times reports. Authorities are probing fund diversion activities linked to Reliance Infrastructure and undisclosed related entities.

ED Investigates ₹17,000 Crore Loan Fraud 

The Enforcement Directorate has summoned Anil Ambani for questioning on August 5, 2025, at its headquarters in New Delhi. The case pertains to the suspected diversion of substantial loans by Reliance Infrastructure. ED recently conducted raids across 35 locations in Mumbai, reviewing over 50 companies and 25 individuals linked with the Reliance Group under the Prevention of Money Laundering Act (PMLA).

SEBI’s Findings on Fund Diversion

The Securities and Exchange Board of India (SEBI) shared its independent investigation results with ED and other regulatory bodies. According to their report, Reliance Infrastructure diverted over ₹10,000 crore via intercorporate deposits routed through an undisclosed related party, CLE Pvt Ltd. Documentation shows CLE’s close ties to the group through shared leadership, infrastructure, and email domains, establishing a concealed related-party relationship that evaded corporate governance checks.

Concealment of Transactions and Financial Misstatements

SEBI accused Reliance Infrastructure of deliberately misclassifying CLE as a third party to bypass shareholder and audit approvals. It asserted that funds transferred were presented as regular business transactions, thereby understating provisions, impairments, and fair value changes. These accounting inaccuracies resulted in misstated financials from FY13 to FY23, with total annual dealings forming up to 90% of company assets at certain points.

Read More: Anil Ambani’s Reliance Power, Reliance Infra Deny Financial Impact of ED Raids!

Official Response and Legal Developments

Sources close to Reliance Infra refuted SEBI’s ₹10,000 crore claim, maintaining the actual exposure was ₹6,500 crore, which is under recovery through legal settlements. They argue that full disclosures were made and efforts were pursued in court-supervised mediation featuring a retired Supreme Court judge.

Conclusion

Anil Ambani’s ED summons amid a ₹17,000 crore fraud investigation intensifies scrutiny on Reliance Group’s financial practices. With regulatory bodies uncovering discrepancies in disclosures and control over related-party entities, further developments are awaited in this closely watched case.

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