From empire to enforcement The Anil Ambani saga unfolds

From Empire to Enforcement: The Anil Ambani Saga Unfolds

The Enforcement Directorate (ED) has escalated its probe into alleged financial irregularities within the Anil Ambani-led ADAG group. The agency has frozen five companies and seized assets exceeding Rs 4,462 crore, signaling a firm push to recover alleged crime proceeds.

Assets and Investigations

Raids were conducted across multiple locations.
Properties targeted include eight in Noida, two in Hyderabad, six immovable assets in Andhra Pradesh.
Office and residential premises in Mumbai were also seized.

The ED is tracing complicated financial routes tied to the diversion of public funds.

Growing Pressure on Anil Ambani

Calls for Anil Ambani’s arrest and passport impounding are intensifying within enforcement circles, with some warning of a potential flight risk. Observers compare this case to that of Vijay Mallya.

Anil Ambani declared in a London court that his net worth was "zero" amid claims of $716 million from Chinese banks related to RCom defaults.

Background: The Ambani Family Split

After Dhirubhai Ambani's death in 2002, a bitter family feud led to the 2005 demerger of the $15 billion conglomerate. Mukesh Ambani kept the petrochemical and retail empire, while Anil inherited the Reliance ADA Group in 2006.

ADAG spans telecom, power, infrastructure, finance, and media sectors.
At its peak in 2008, Anil’s net worth reached $42 billion, making him the world’s sixth-richest person.
He was viewed as a symbol of aggressive business expansion.

Now the saga highlights a sharp fall from prominence amid legal and financial challenges.

"The agency has now frozen five companies and multiple high-value assets, signalling an aggressive push to recover alleged proceeds of crime."

Author’s summary: Anil Ambani's dramatic decline from a $42 billion empire to intense legal scrutiny illustrates the volatility of high-stakes corporate power and alleged financial misconduct.

https://www.metroindia.net/ — 2025-11-05