Anil Ambani Summoned by ED in ₹17,000-Crore Loan Fraud Probe: A Deepening Corporate Scandal
Overview of the ED Summons On August 2, 2025, the Enforcement Directorate (ED) summoned industrialist Anil Ambani to appear before investigators on August 5 at the ED headquarters in New Delhi , marking a major escalation in its investigation into a massive ₹17,000-crore loan fraud case involving the Reliance Anil Dhirubhai Ambani Group (RAAGA) companies. The ED’s probe, initiated under the Prevention of Money Laundering Act (PMLA) , is focused on a web of financial irregularities including loan diversion , misrepresentation , undisclosed foreign assets , and fraudulent bank dealings . Origin of the Investigation: Multiple Agencies Share Intelligence The ongoing inquiry stems from inputs shared by the National Housing Bank, SEBI, NFRA , and Bank of Baroda , prompting the ED to act. These agencies identified red flags in the financial records of RAAGA group companies, including Reliance Communications , Reliance Infrastructure , and Reliance Home Finance Ltd (RHFL) . An FIR wa...