Anil Ambani Appears Before ED for Second Round of Questioning in Bank Fraud-Linked Money Laundering Case
ED Records Statement Under PMLA in ₹40,000 Crore RCOM Probe
New Delhi, February 26: Anil Ambani, Chairman of the Reliance Group, appeared before the Enforcement Directorate on Thursday for a second round of questioning in connection with an alleged bank fraud-linked money laundering case.The 66-year-old businessman reached the federal probe agency’s office in central Delhi at around 10:30 am. Officials confirmed that his statement has been recorded under the provisions of the Prevention of Money Laundering Act. Ambani was earlier questioned by the agency in August 2025 as part of the ongoing investigation.
The probe relates to an alleged bank fraud exceeding ₹40,000 crore involving his group company, Reliance Communications. Investigators are examining allegations that funds were diverted through multiple foreign subsidiaries and offshore entities linked to the company.
As part of the investigation, the Enforcement Directorate arrested former RCOM president Punit Garg in January. The agency has claimed that the alleged laundered funds were routed through overseas structures associated with the telecom firm.
Ambani and several of his group companies are facing allegations of loan fraud. In response to directions issued by the Supreme Court of India, the agency recently constituted a special investigation team to examine multiple instances linked to the case.
On Wednesday, the Enforcement Directorate attached Ambani’s Mumbai residence, ‘Abode’, valued at ₹3,716 crore, under provisions of the anti-money laundering law.
According to details furnished by the agency to the apex court, three separate money laundering cases have been filed against the Anil Dhirubhai Ambani Group to investigate alleged bank loan fraud and related financial irregularities.
The investigation remains ongoing.
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