Anil Ambani Raided: ED Probes 35 Locations in Multi-Crore Money Laundering Case

New Delhi, July 24, 2025: The Enforcement Directorate (ED) has launched a large-scale operation targeting Reliance Group chairman Anil Ambani in connection with an alleged money laundering case. Raids are being carried out at over 35 locations across Delhi and Mumbai, involving more than 50 companies and at least 25 individuals, according to sources. The ED action follows two FIRs filed by the Central Bureau of Investigation (CBI), which accuse Anil Ambani and associated entities of serious financial irregularities. Preliminary findings suggest a complex, premeditated scheme to siphon off public money through fraudulent practices affecting banks, shareholders, investors, and other financial institutions. A major focus of the investigation is on loans issued by Yes Bank between 2017 and 2019, amounting to around ₹3,000 crore, allegedly extended to companies under the RAAGA banner entities affiliated with the Reliance Anil Dhirubhai Ambani Group (ADAG). Investigators believe that the loans were part of a quid pro quo arrangement, where Yes Bank promoters received payments into privately held businesses just before sanctioning the loans. Red flags raised in the probe include lending to companies with questionable or unverifiable financial credentials, use of shell firms, overlapping directors, and the absence of key documentation in loan files. In many cases, funds were allegedly diverted or used to repay older loans, an illegal practice known as "loan evergreening." Sources say the ED is also investigating allegations of bribery involving senior Yes Bank executives. These officials are suspected of accepting kickbacks or benefits in exchange for approving large unsecured loans to RAAGA companies. Multiple financial regulatory bodies are cooperating with the ED in the probe. The Securities and Exchange Board of India (SEBI) has submitted a report exposing significant irregularities within Reliance Home Finance Limited (RHFL), another ADAG entity. According to SEBI, RHFL’s corporate loan book surged from ₹3,742 crore in FY 2017-18 to ₹8,670 crore in FY 2018-19, raising serious concerns. Other agencies, including the National Housing Bank (NHB), the National Financial Reporting Authority (NFRA), and the Bank of Baroda, have also shared relevant information with the ED to aid the ongoing investigation. Separately, the State Bank of India (SBI) has designated both Reliance Communications (RCom) and Anil Ambani as "fraud accounts." While SBI first flagged these accounts as fraudulent in November 2020, a legal status quo order from the Delhi High Court led to the withdrawal of the complaint in January 2021. The classification has now been reiterated, further complicating Ambani’s financial standing. This multi-agency probe marks one of the most significant enforcement actions against a top Indian industrialist in recent years. The investigation is ongoing, and further legal proceedings are expected. Anil Ambani Under ED Lens: 35 Locations Raided in Massive Money Laundering Probe Big trouble for Reliance Group chairman Anil Ambani as the Enforcement Directorate raids over 35 locations linked to him in Mumbai and Delhi. The probe, triggered by CBI FIRs, involves 50 companies, 25 individuals, and ₹3,000 crore in suspect loans tied to Yes Bank. Allegations include bribery, shell firms, and public fund misuse. #AnilAmbani #EDRaid #RelianceGroup #MoneyLaundering #YesBankScam #CBI #IndianBusinessNews #FinancialFraud #BreakingNews #DelhiRaids #MumbaiNews #BigBusinessScandal #SBI #SEBI #NewsUpdate