Anil Ambani Arrives At ED Over Rs 40k Crore Money Laundering Probe

Anil Ambani I ED: Reliance Group Chairperson Anil Ambani arrived at the Enforcement Directorate's Delhi office on Thursday, February 26, for questioning over a Rs 40,000 crore bank-fraud linked money laundering case.

This is Anil Ambani's second round of ED interrogation since August last year. 

India's top financial investigation agency will record his statement under the provisions of the Prevention of Money Laundering Act (PMLA) after his several Reliance Group companies are currently facing allegations pertaining loan fraud. The ED recently constituted a special investigation team (SIT) to probe all these instances. The SIT was formed on the directions of the apex court.

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ED Attaches Anil Ambani's Palli Hill ‘Abode’ Residence Worth Over Rs 3,700 Cr

ED has attached the Mumbai's Pali Hill Residential property ‘Abode’ of the industrialist worth Rs 3,716.83 crores in connection with its ongoing money laundering probe linked to Reliance Communications Ltd's alleged bank fraud case.

ED's Special Task Force (Headquarters) attached the property under the provisions of Prevention of Money Laundering Act, 2002 (PMLA). Earlier, part of this property was attached to the extent of Rs 473.17 crores.

This comes after ED said Reliance Communications and its group companies availed loans from banks in India and abroad, out of which Rs 40,185 crore remains outstanding.

Anil Ambani Owes Over Rs 13,000 Crore To Chinese Banks

According to documents accessed by Republic Media Network, Anil Ambani owes Rs 13,538 crore to Chinese lenders. While the China Development Bank lended Rs 9,134 crore to Ambani, China's Export-Import Bank lend him Rs 3,048 crore. 

Earlier this week, the Bombay High Court allowed Bank of Baroda, IDBI Bank, Indian Overseas Bank and BDO India LLP to take action against Anil Ambani under the RBI’s 2024 Master Directions on fraud classification.

The RBI's Master Directions intends to identify frauds and unscrupulous borrowers for timely action, and every violation of the same is not subject to judicial scrutiny, the Bombay High Court said.

The bench led by Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad quashed a single bench order of December 2025, which stayed the action initiated by three public lenders based on the Master Directions issued by the RBI to classify Ambani's and Reliance Communications Ltd.'s bank accounts as fraud.

In its judgement, the court noted that the Master Directions issued by the Reserve Bank of India (RBI) cannot be interpreted in a manner that leads to prejudice towards the lender banks and impact their interest.

Meanwhile, Anil Ambani has filed an undertaking in the Supreme Court that he was not a flight risk and has no intention to evade the due legal course.

In today's trading session, the shares of Reliance Communication plummeted 4.21%, and R Power was trading 1.14% lower.