ED Registers Fresh PMLA Case Against Anil Ambani, Reliance Communications

As per news reports, the Enforcement Directorate (ED) has launched a fresh investigation under the Prevention of Money Laundering Act (PMLA) against Anil Ambani and Reliance Communications (RCom), citing a suspected ₹2,929 crore fraud causing losses to the State Bank of India (SBI). This follows a Central Bureau of Investigation (CBI) case and extensive forensic audit findings.

Case Initiation and Allegations Filed by ED

The ED's case was based on a First Information Report (FIR) filed by the CBI on August 21, 2025. It targets Reliance Communications, its director Anil Ambani, and unnamed public servants. The FIR outlines misrepresentation and fraud in obtaining bank loans, leading to a reported loss of ₹2,929.05 crore to SBI. Subsequently, ED began its probe into possible money laundering activities stemming from this alleged fraud.

Background of Complaint and Forensic Evidence

A complaint received from Jyoti Kumar, Deputy General Manager of SBI's Mumbai branch, on August 18, 2025, triggered the action. The complaint references a forensic audit report dated October 15, 2020, identifying irregularities in the loan utilisation. Investigations are underway into whether diverted funds were laundered through shell companies or offshore channels.

Searches and Key Personnel Questioned

Following the registration of the FIR, CBI officials conducted searches at Anil Ambani’s residence and RCom’s premises. ED has also questioned several senior executives of the Reliance Group. Among them, Amitabh Jhunjhunwala, a former close associate of Ambani, was summoned again as part of the expanded inquiry.

Read More: Bank of Baroda Declares Anil Ambani's and Reliance Communications’ Loan Accounts as Fraud!

Ambani’s Response and Defence Claims

Anil Ambani’s spokesperson has denied all allegations, stating that during the years in question, Ambani was a non-executive director and not involved in the day-to-day operations of the company. They also claimed that Ambani was being unfairly singled out in connection with matters dating back over 10 years.

ED’s Review of Lending Practices

In the course of their inquiry, ED has sought data from nearly 20 banks, including public and private sector lenders, to examine the loan sanction process, credit evaluations and fund usage by Reliance Group subsidiaries. This cross-check is critical in linking lending anomalies to potential money laundering activities.

Conclusion

The ED’s fresh case against Anil Ambani and Reliance Communication marks a significant chapter in India's battle against corporate fraud and mismanagement in banking. With ongoing investigations involving key aides and executives, the spotlight remains firmly on tracing the ₹2,929 crore loss and its implications for lenders, investors and corporate governance.

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