ED Summons Anil Ambani Again in Rs17,000 Crore Bank Fraud and Money Laundering Case
The Directorate of Enforcement (ED) has once again called Reliance ADA Group chairman Anil Ambani for questioning in an investigation related to money laundering and bank fraud. The case involves alleged diversion of funds and bad loans amounting to approximately Rs 17,000 crore.
Anil Ambani, aged 66, is required to appear before the agency on 14th November for further interrogation, according to media reports.
Additional Information
The investigation touches upon complex financial dealings, reflecting ongoing scrutiny of major corporate banking and regulatory practices.
Subscription Information for Related Financial Coverage
- 1-year online access to magazine articles published during the subscription period.
- Access begins from Monday of the subscription week, regardless of the day you subscribe.
- Articles published outside the subscription period are not included but can be purchased separately.
- 30-day online access is also available, along with complete access to Moneylife archives from inception up to subscription date.
- The magazine provides independent, pro-consumer information on personal finance and delivers research outperforming mutual funds year after year.
"Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture, and algo scam."
"29 Years Of The Scam: The Perennial Bestseller, reads like a Thriller! #Scam92: Read the actual story."
Moneylife offers comprehensive and fiercely independent financial coverage for subscribers.
Author's Summary: The Enforcement Directorate continues its probe into Anil Ambani's financial dealings involving a major Rs 17,000 crore bank fraud and money laundering case, reflecting increasing regulatory focus on corporate finance transparency.