Anil Ambani Under ED Scanner in ₹3,000 Crore Loan Fraud Case

In a sweeping crackdown, the Enforcement Directorate (ED) has launched extensive raids on over 35 locations linked to industrialist Anil Ambani and his former companies, investigating an alleged ₹3,000 crore loan fraud involving Yes Bank. The probe, conducted under the Prevention of Money Laundering Act (PMLA), marks a significant escalation in scrutiny of Ambani’s financial dealings.

ED Targets Alleged Loan Diversion

The ED’s investigation centers on loans disbursed between 2017 and 2019, during which Yes Bank allegedly extended credit to entities connected to Anil Ambani without proper due diligence. According to officials, the loans were approved using backdated documents, and funds were routed through shell companies with common directors and addresses, raising red flags about the legitimacy of the transactions.

Sources suggest that bribes may have been paid to bank officials to facilitate the loan approvals. The ED suspects that the diverted funds were used for purposes unrelated to the original loan intent, violating banking norms and triggering money laundering concerns.

SBI Labels RCom and Ambani as “Fraud”

The raids follow a recent move by the State Bank of India (SBI), which on June 13, 2025, officially declared Reliance Communications (RCom) and Anil Ambani as “fraudulent” entities. This declaration has intensified regulatory focus on Ambani’s past ventures, particularly those that collapsed under heavy debt.

Corporate Denials and Clarifications

In response to the raids, Reliance Infrastructure and Reliance Power—two companies still operational under the Reliance Group umbrella—issued statements distancing themselves from the controversy. Both firms emphasized that:

• They are independent entities with no financial linkage to RCom or Reliance Home Finance Ltd (RHFL).
• Anil Ambani does not hold any board position in either company.
• The matters under investigation are over a decade old, and many are either sub-judice or already resolved.

The companies reassured stakeholders that their operations remain unaffected and that they are cooperating with authorities as needed.

A Personal Flashback: Love Against the Odds

Amid the legal storm, a nostalgic human-interest story resurfaced, shedding light on Anil Ambani’s personal life. Decades ago, his parents—Dhirubhai and Kokilaben Ambani—initially opposed his relationship with Tina Munim, a popular Bollywood actress. Despite family resistance, the couple reunited and married in 1991, and have since built a life together, raising two sons.

Their enduring relationship stands in contrast to the turbulence surrounding Ambani’s business empire, offering a glimpse into the personal resilience behind the public figure.

What’s Next?

With the ED’s investigation gaining momentum and corporate entities scrambling to clarify their positions, the coming weeks could prove pivotal for Anil Ambani’s legacy. Whether this probe leads to formal charges or further revelations remains to be seen.

The Nagpur Today was the first media outlet to report on the Enforcement Directorate (ED) raids against Anil Ambani, publishing their coverage on July 24, 2025, at 12:23 PM IST. The report detailed the scope of the investigation, including:

• Raids at over 35 premises, involving 50 companies and 25 individuals
• Alleged ₹3,000 crore loan diversion from Yes Bank between 2017–2019
• Suspected bribes to Yes Bank promoters
• Violations like backdated loan documents, shell companies, and common directors

This was followed closely by other outlets like:

• Republic World
• Indian Express
• MSN India