Anil Ambani seeks 10 days from ED to prove to provide documents in financial fraud case

August 5, 2025

Mumbai: Famous business Tycoon Anil Ambani on Tuesday have seek 10 days from Enforcement Directorate to prove financial fraud case agonist him in connection of multi crore scam after being questioned  at ED headquarters in New Delhi.

According to reports, the chairman and managing director of Reliance Group (RAAGA companies) earlier today in the morning to reach the ED headquarters in the national capital.

The agency has summoned Anil Ambani for questioning as part of its ongoing probe into a money laundering case linked to an alleged bank loan fraud worth crores of rupees against his group companies.

He had been asked to appear at the ED headquarters in the national capital on August 5. Last week, ED raids on the premises and people linked with Anil Ambani’s Reliance Group concluded, as investigators seized voluminous documents, hard drives, and other digital records from several locations across Mumbai and Delhi.

#SourcesSay | Anil Ambani’s questioning for today to get over shortly, ED may issue summons to him in next 7-10 days

This was Anil Ambani’s response👇@sameerdixit16 #AnilAmbani #ED #EnforcementDirectorate pic.twitter.com/6zozjIIzfv

— ET NOW (@ETNOWlive) August 5, 2025

The raids first began in connection with a money laundering probe related to the Yes Bank loan fraud case.

The enforcement watchdog and the Central Bureau of Investigation (CBI) conducted a large-scale money laundering probe. The operation is part of a broader investigation into alleged financial irregularities, including possible diversion of funds, loan fraud, and money laundering.

The ED’s probe is focused on whether funds from banks were routed through shell entities and misused by group firms. Meanwhile, the CBI has reportedly begun its own enquiry into other companies within Anil Ambani’s Reliance Group.

Subsequent to FIRs registered by the CBI, the ED started probing the offence of money laundering by RAAGA Companies under the Prevention of Money Laundering Act (PMLA). Other agencies and institutions also shared information with ED, such as the National Housing Bank, SEBI, National Financial Reporting Authority (NFRA), and Bank of Baroda, according to reliable sources.

Preliminary investigation by the ED has revealed a well-planned and thought-out scheme to divert/siphon off public money by cheating banks, shareholders, investors and other public institutions. The offence of bribing bank officials, including the Promoter of Yes Bank Limited, is also under the scanner.