Reliance Group chairman Anil Ambani was back in the hot seat on Thursday, arriving at the Enforcement Directorate’s (ED) central Delhi office for a second round of questioning. The 66-year-old businessman was summoned in connection with a high-stakes money laundering investigation linked to an alleged bank fraud.
The probe centres on Reliance Communications (RCOM), which stands accused of a staggering ₹40,000 crore fraud. The ED, which has been recording the statement of Ambani under the Prevention of Money Laundering Act, is of the view that money has been "siphoned off" through a complex network of foreign subsidiaries. This is the second round of questioning for Ambani, who was questioned in August 2025, and follows the January arrest of former RCOM president Punit Garg.
The legal noose appears to be tightening around the ADAG chief. Just yesterday, the agency moved to attach Ambani’s palatial Mumbai residence, ‘Abode’— a property valued at roughly ₹3,716 crore.
The intensified scrutiny follows a recent Supreme Court mandate, which prompted the ED to establish a Special Investigation Team (SIT) dedicated to unravelling various loan fraud allegations against Ambani’s companies. According to filings submitted to the apex court, the agency is currently juggling three separate money laundering cases involving the group, all focused on financial irregularities and defaulting on bank loans.
Also read: Tina Ambani skips ED summons again
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