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The Enforcement Directorate (ED) has again summoned Reliance Group Chairman Anil Ambani. According to PTI, ED has asked Anil Ambani to appear for questioning on November 14. This case is related to money laundering and bank loan fraud, which is being investigated by ED.
Property worth Rs 7,500 crore seized Earlier on November 3, ED had attached 132 acres of land belonging to Anil Ambani’s Reliance Group. This land is in Dhirubhai Ambani Knowledge City (DAKC) Navi Mumbai, whose value is Rs 4,462.81 crore.
Apart from this, more than 40 properties belonging to the group were also attached. Anil Ambani’s Pali Hill house is also among these properties. The total value of the attached properties was said to be Rs 3,084 crore. That means till now, properties worth Rs 7,500 crore belonging to Anil Dhirubhai Ambani Group have been seized.
Anil Ambani’s Pali Hill house is built in 16,000 square feet.
Fund diversion revealed in ED investigation ED has found in its investigation that there was large-scale misuse of funds in Reliance Home Finance (RHFL) and Reliance Commercial Finance (RCFL). Between 2017 and 2019, Yes Bank had invested Rs 2,965 crore in RHFL and Rs 2,045 crore in RCFL.
But by December 2019, these amounts became non-performing assets (NPA). Rs 1,353 crore of RHFL and Rs 1,984 crore of RCFL are still outstanding. Overall, Yes Bank suffered a loss of more than Rs 2,700 crore.
According to ED, these funds were diverted to other companies of Reliance Group. Many irregularities were also found in the loan approval process. For example, some loans are applied for, approved and disbursed on the same day. Field checks and meetings were skipped. Documents found blank or dateless.
ED has called it ‘intentional control failure’. The investigation is underway under Section 5(1) of PMLA and attachment orders issued on 31 October 2025
The whole matter in 3 questions and answers:
Question 1: Why did ED take action against Anil Ambani?
answer: The case pertains to loans of about Rs 3,000 crore given by Yes Bank to Anil Ambani-linked Reliance Group companies between 2017 and 2019.
Initial investigation by ED revealed that these loans were allegedly diverted to shell companies and other units of the group. The investigation also revealed that senior officials of Yes Bank may have been bribed.
Question 2: What else came to light in the ED investigation?
answer: The ED says it was a “well-thought-out and well-planned” plan, under which money was embezzled by giving false information to banks, shareholders, investors and other public institutions. The investigation found several irregularities, such as:
- Loans to weak or unverified companies.
- Use of same director and address in many companies.
- Absence of necessary documents related to the loan.
- Transferring money to fake companies.
- The process of giving new loans to repay old loans (loan evergreening).
Question 3: What is the role of CBI in this case?
answer: CBI had registered FIR in two cases. These cases relate to two separate loans given by Yes Bank to Reliance Home Finance Limited and Reliance Commercial Finance Limited. In both the cases, CBI had named former Yes Bank CEO Rana Kapoor.
After this, an official said that other agencies and institutions like National Housing Bank, SEBI, National Financial Reporting Authority and Bank of Baroda also shared information with ED. Now ED is investigating this matter.
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