Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group | Photocredit: Prashant Waydande
Eight days after the performance of searches, the enforcement directorate De Reliance Anil Ambani Group (Raaga) called Anil Ambani chairman and asked him to appear on 5 August in a money laundering against alleged large -scale fraud committed by his group.
Ambani, 66, was asked to step for the researchers at the head office in the National Capital, so his statement can be registered under the Prevention of Money Laundering Act (PMLA).
On Saturday, the agency carried out searches on 35 buildings against 25 people and 50 companies to collect evidence in the PMLA case.
De Raaga was subject to searches for accusation of surrendering to financial irregularities, including the “distraction” of the collective loan of more than £ 10,000 crore by several Ambani group companies.
The radical probe includes irregularities in dealing with more than one company.
The ED took over the CBI investigation into financial irregularities against De Raaga. Sources said that of the charges under probe is also the one in which the group reportedly derived loans of around £ 3,000 crore that was taken from YES Bank between 2017 to 2019. The loans are said to have been “derived” to many group companies and “Shell” (fake) companies through the entities involved.
The ED, the sources, have said, discovered that just before the loan was granted, yes, bank promotors “received” money in their concerns.
The researchers have received help from other agencies and institutions – including the Securities and Exchange Board of India (SEBI), National Housing Bank, National Financial Reporting Authority (NFRA) and Bank of Baroda – in its probe against the Anil Ambani Group of Companies.
After the three days of raids on Sunday were over, Reliance Group Firms Reliance Infrastructure (Rinfra) and Reliance Power (RPOWER) had said they will continue to work with the Federal Probe Agency.
“The action of ED has closed at all locations. The company and all his officials have worked completely together and will continue to collaborate with the authority,” said Rpower in his last stock market application.
The company continues to operate in the normal course and the aforementioned action has no influence on its business activities, according to two separate statements issued by both Rinfra and RPower.
Also on the day of the raids, the group had issued a detailed clarification and stated that “the media reports seem to have on allegations with regard to transactions from Reliance Communications Limited (RCOM) or Reliance Home Finance Limited (RHFL) who are more than 10 years old.”
Published on August 1, 2025
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