The Enforcement Directorate (ED) has now shifted its attention over the Reliance Group’s chairman and managing director Anil Ambani in the Rs 10,000 crore loan fraud probe. As per the latest development on the front, Ambani has been summoned by the authorities as part of the next step in the ongoing investigation.
People privy to inside information related to the matter told the Indian news outlet that the younger Ambani had been asked to appear at the ED office next week on August 5, 2025. The shocking news comes just days after the authorities raided several locations linked to Anil Ambani’s companies in Mumbai to facilitate the loan fraud case probe.
Anil Ambani summoned just days after ED raids
The raids in question were launched on July 24 under provisions of the Prevention of Money Laundering Act (PMLA). They went on for at least three days in Delhi and Mumbai. The locations hit during the searches included sites associated with 50 companies and 25 people. A good number of these were tied to the Anil Ambani Group companies and Yes Bank. More than 25 people have already been questioned.
Despite the recent shockers, the case actually dates back to 2017-19, as the ED continues to dive deeper into how Yes Bank allegedly transferred loans worth Rs 3,000 crore to companies tied to Reliance Anil Dhirubhai Ambani Group (RAAGA). The underlying possibility of a “bribe-for-loan” network makes the whole ordeal even more shady.
Anil Ambani – Yes Bank loan fraud case: What we know
This is not the first time Anil Ambani will be heading over the ED headquarters in the context of the probe in question. He, along with other A-listers in the industry, was previously summoned by the authorities in connection with the alleged Yes Bank case in March 2020. At the time, he refuted any unlawful connection with Yes Bank, noting that their ties with the bank were all part of regular business protocol. He further denied any associations between his group and Yes Bank founder Rana Kapoor or his family members.
Over a week ago, company sources responded to the “bribe for loans” allegations. They told Financial Express that all loans tied to the case were sanctioned above the table and approved after proper vetting. “These loans were fully secured and have been entirely repaid, including interest. The outstanding amount is zero,” they shared.
PTI previously reported that the money laundering case found momentum on the basis of two FIRs CBI filed earlier. The same was backed by inputs from agencies like SEBI, the National Housing Bank, the National Financial Reporting Authority (NFRA) and Bank of Baroda.