Anil Ambani Summoned by ED in ₹2,929 Crore RCom Money Laundering Case
The Enforcement Directorate (ED) has summoned Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, to appear for questioning on November 14. This is in connection with an alleged bank fraud and money laundering case involving Reliance Communications Limited (RCom).
Details of the Case
The ED is investigating the money laundering angle related to an alleged ₹2,929-crore loan fraud. The case is based on a First Information Report (FIR) filed by the Central Bureau of Investigation (CBI) in August.
Anil Ambani’s Response
“It is pertinent to note that SBI, by its own order, has already withdrawn proceedings against five other non-executive directors. Ambani has been selectively singled out.”
Ambani stated that the complaint filed by the State Bank of India (SBI) concerns events from over ten years ago, when he was a non-executive director and was not involved in the day-to-day management of RCom.
Investigation Actions
- In July, the ED conducted searches and recorded statements as part of the probe.
- The agency attached assets worth approximately ₹7,500 crore allegedly linked to the Reliance Anil Ambani Group under the Prevention of Money Laundering Act (PMLA).
Author’s summary: Anil Ambani faces renewed questioning by the ED in a longstanding ₹2,929 crore RCom loan fraud case amid asset seizures linked to alleged money laundering.