Anil Ambani, Chairman of the Reliance Group, appeared before the Enforcement Directorate in Delhi on Thursday for a second round of questioning in connection with alleged bank loan fraud and money laundering cases. The investigation is linked to the alleged misuse of bank loans exceeding Rs 40,000 crore involving Reliance Communications.
Second Round of Questioning Under PMLA
Officials said Ambani’s statement was recorded under the Prevention of Money Laundering Act. According to sources, he reached the ED headquarters at around 10:30 am and was questioned for several hours. He had previously undergone prolonged questioning in August 2025.
Alleged Rs 40,000 Crore Loan Fraud Case
The probe relates to alleged bank loan fraud involving Reliance Communications. The ED has claimed that the company misused bank loans of more than Rs 40,000 crore. The amount was allegedly diverted through various foreign subsidiaries and other entities.
The agency said financial transactions of several group companies and senior officials are being examined in detail. Anil Ambani and his companies have denied all allegations. The ED stated that the investigation is proceeding on the basis of available documents and bank records.
Arrest of Former RCom Chairman
In January 2026, the ED arrested former Reliance Communications chairman Punit Garg in connection with alleged financial irregularities and diversion of funds. The agency has claimed that certain senior company officials were also involved.
The investigation seeks to determine whether the loan amounts were used for their designated purposes or transferred to other activities.
Formation of Special Investigation Team
The ED constituted a Special Investigation Team following directions from the Supreme Court of India. The SIT has been formed to conduct a coordinated and comprehensive investigation into bank loan fraud and related financial irregularities.
The agency stated that three separate money laundering cases have been registered against the Anil Dhirubhai Ambani Group.
Attachment of Mumbai Property ‘Abode’
On Wednesday, the ED provisionally attached Ambani’s Mumbai residence ‘Abode’, valued at Rs 3,716 crore. The action was taken under the Prevention of Money Laundering Act to secure alleged illegal assets and prevent their transfer until completion of the investigation.
Under the Prevention of Money Laundering Act, the ED has the authority to attach properties linked to alleged unlawful funds and to question individuals concerned. If charges are established, the property may be permanently confiscated, subject to due judicial process.
