- ED summons Anil Ambani again in Rs. 17,000 crore loan case
- Reliance Group Chairman to appear before ED on November 14
Delhi/Hyderabad, Nov 6 (Maxim News): The Enforcement Directorate (ED) has issued fresh summons to Reliance Group Chairman Anil Ambani in connection with an ongoing investigation into alleged bank loan fraud and money laundering cases. The agency has directed him to appear before investigators on November 14 for questioning.
According to official information, the probe concerns loans taken by companies under the Anil Ambani Group from the State Bank of India and other financial institutions. The 66-year-old business magnate was previously questioned by the ED in August. However, the latest summons suggest the inquiry has reached a crucial stage. Investigators are now focusing on alleged financial discrepancies and the suspected diversion of funds.
Authorities confirmed that government agencies have already seized assets worth Rs. 7,500 crore belonging to Anil Ambani. The broader case involves a suspected Rs. 17,000 crore loan fraud linked to multiple entities of the Reliance Group. During earlier questioning, Ambani reportedly claimed that he did not have full knowledge of the loans sanctioned to his companies. The ED has since retrieved digital files, business transactions, and other documents as part of its ongoing examination of the case.
The renewed summons have created tension in the financial sector. Share prices of Reliance Group companies fell sharply following the news. Investors who were optimistic about the recovery of these stocks expressed concern over the continuing scrutiny and its effect on investor sentiment.
The ED’s latest action signals an escalation in the investigation into the alleged financial misconduct within the Anil Ambani-led group. The November 14 session is expected to concentrate on discrepancies detected in previous statements and loan utilization data. The high-profile case continues to evolve with each development, as authorities intensify their efforts to uncover possible violations under the money laundering laws.
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