ED summons Anil Ambani to depose on November 14

Reliance Group chairman Anil Ambani has been summoned again by the Enforcement Directorate (ED) for questioning next week in an alleged bank fraud-cum-money laundering case, according to sources. The 66-year-old businessman was questioned by the federal probe agency in August. Anil Ambani has been asked to depose on November 14 for questioning in a money laundering case linked to an alleged bank loan fraud at the State Bank of India (SBI), the sources said.

The agency recently attached assets worth RS7,500 crore as part of its investigation against Ambani's group companies. The ED on Monday said it has attached assets worth over ₹3,000 crore belonging to Reliance Group Chairman Anil Ambani, his group companies and linked entities as part of a money laundering investigation. The ED alleged that several companies of the Reliance Anil Dhirubhai Ambani Group (ADAG) — including Reliance Communications Ltd (RCOM), Reliance Home Finance Ltd (RHFL), Reliance Commercial Finance Ltd (RCFL), Reliance Infrastructure Ltd (R-Infra) and Reliance Power Ltd — were involved in the fraudulent diversion of public funds.

Ambani and others are named as accused in an alleged linked money laundering case against Reliance Communication Ltd (RCom) for an alleged Rs 2,929 crore loan fraud with the SBI. In its complaint, the SBI, RCom owed over Rs 40,000 crore to various lenders with the public sector bank alone facing a loss of Rs 2929.05 crore, according to 2018 figures.