Anil D. Ambani, the chairman of Reliance ADAG, skipped a second in‑person questioning by the Enforcement Directorate (ED) at its Delhi headquarters on Friday. He told the company’s spokesperson he will cooperate fully but will appear only by video link.
The ED called Ambani again on Monday to probe a money‑laundering probe tied to the conglomerate’s alleged Rs 17,000‑crore loan fraud. He was grilled for about nine hours in August, a session that reportedly felt “grueling.” The latest summons is part of the same investigation under the Prevention of Money Laundering Act (PMLA).
In a statement, Ambani’s team explained that the summons concerns a Foreign Exchange Management Act (FEMA) inquiry, not a PMLA case. They also clarified that Ambani never served on the board of Reliance Infrastructure. After 15 years as a non‑executive director from 2007 to 2022, he had no day‑to‑day management duties.
The ED’s probe has already attached 132 acres of land worth Rs 4,462.81 crore at Dhirubhai Ambani Knowledge City in Navi Mumbai, and earlier seized 42 properties totaling over Rs 3,083 crore tied to bank‑fraud cases involving Reliance Communications, Reliance Commercial Finance and Reliance Home Finance. In total, assets worth more than Rs 7,545 crore have been seized.
The ED says it will keep pursuing financial crime perpetrators and restore the proceeds to rightful claimants. It began its investigation based on a CBI complaint under Sections 120‑B, 406 and 420 of the Indian Penal Code, and under Section 13(2) read with 13(1)(d) of the Prevention of Corruption Act.
So far, the ED has not received any confirmation from Ambani or his company that he will attend the virtual session. The case remains under close scrutiny by Indian law enforcement agencies.
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