New Delhi: The Enforcement Directorate (ED) on Thursday questioned Reliance Group chairman Anil Ambani for more than nine hours during the second round of interrogation in connection with an alleged bank fraud-linked money laundering case involving Reliance Communications (RCOM), officials said.
The 66-year-old industrialist arrived at the federal agency’s office in central Delhi at around 10:30 am and left close to 8:20 pm. Officials confirmed that his statement was recorded under the provisions of the Prevention of Money Laundering Act (PMLA).
Ambani has been asked to appear again on Friday for questioning in a separate case linked to an alleged loan fraud involving Yes Bank.
₹40,000 Crore Alleged Bank Fraud Under Scrutiny
The ongoing investigation pertains to an alleged bank fraud of over ₹40,000 crore involving RCOM. The ED had earlier questioned Ambani in August 2025 in connection with the Yes Bank loan fraud case.
As part of the probe, the agency arrested former RCOM president Punit Garg in January. The ED has previously alleged that the purportedly laundered funds were diverted through multiple foreign subsidiaries and offshore entities linked to RCOM.
Ambani and several group companies under the Anil Dhirubhai Ambani Group (ADAG) are facing allegations of loan fraud and financial irregularities.
Special Investigation Team Formed on Supreme Court’s Direction
The ED recently constituted a Special Investigation Team (SIT) to examine multiple cases involving Ambani and his companies. The move follows recent directions issued by the Supreme Court of India.
According to information submitted by the agency to the apex court, three separate money laundering cases have been filed against ADAG entities to investigate charges of bank loan fraud and related financial misconduct.
ED Attaches Mumbai Residence ‘Abode’
In a significant development, the ED on Wednesday attached Ambani’s Mumbai residence, ‘Abode’, valued at ₹3,716 crore, under the anti-money laundering law. The property attachment marks a major step in the financial probe and signals the agency’s widening action in the case.
CBI Registers Fresh Case Over Bank of Baroda Allegations
Meanwhile, the Central Bureau of Investigation (CBI) on Thursday registered a fresh case against Ambani and RCOM, alleging that they cheated the Bank of Baroda between 2013 and 2017.
The agency has alleged that the actions caused a wrongful loss of more than ₹2,220 crore to the bank. As part of the investigation, CBI officials conducted searches at Ambani’s residence and RCOM offices.
Multi-Agency Probe Intensifies
With parallel investigations by the ED and CBI, scrutiny around the alleged financial irregularities involving ADAG companies has intensified. The cases span alleged diversion of funds, loan fraud, and suspected money laundering through domestic and offshore channels.
Authorities have maintained that investigations are ongoing, and further legal steps will depend on the findings of the financial and forensic analysis.