ED Issues Fresh Summons to Anil Ambani in Ongoing Fraud Probe

New Delhi, November 14, 2025: The Enforcement Directorate (ED) has stepped up its investigation involving industrialist Anil Ambani by issuing a fresh summons, following his failure to appear for two earlier dates. The notice, issued under the Foreign Exchange Management Act (FEMA), asks Ambani to appear in person next Monday, after his request to provide a virtual statement was denied. The move comes as part of a broader, intensified scrutiny of several companies under the Reliance Anil Dhirubhai Ambani Group (ADAG). Earlier inquiries had been conducted by the ED, the Central Bureau of Investigation (CBI), and market regulator SEBI, but the government recently ordered a fresh investigation under the Serious Fraud Investigation Office (SFIO), a specialised wing of the Ministry of Corporate Affairs (MCA). The SFIO is now looking into potential gaps in corporate governance and whether funds were improperly moved across ADAG companies. Alerts from auditors and financial institutions had previously raised concerns about financial irregularities in some group firms. Forensic audits conducted by banks, particularly after loan defaults at Reliance Capital and Reliance Communications, also highlighted areas of concern. Currently, at least four group entities—Reliance Infrastructure, Reliance Communications, Reliance Commercial Finance Ltd (RCFL), and CLE Pvt Ltd—are under close examination. Authorities have indicated that more companies may be added to the probe if further links to fund movements are discovered. The intensified investigation follows a significant enforcement action by the ED, which recently attached assets worth nearly ₹7,500 crore. These assets include land in Navi Mumbai, a property on Bandra’s Pali Hill, and the Reliance Centre in New Delhi. The agency is seeking clarity on financial transactions, governance practices, and potential misuse of funds within the group. The summons to Anil Ambani signals the ED’s firm approach in ensuring accountability and transparency. By rejecting a virtual appearance, the agency emphasized the importance of direct cooperation from the industrialist. Officials are closely examining his responses, along with corporate documents and financial records, to determine whether further legal action is warranted. The case has drawn widespread attention, as it involves high-profile companies and significant financial stakes. Observers note that the SFIO’s involvement highlights the seriousness of the investigation, and authorities are leaving no stone unturned to ensure a thorough and detailed review of the group’s financial dealings. This ongoing probe reflects the government’s broader effort to strengthen enforcement and oversight of corporate governance, particularly in large business conglomerates. Authorities have reiterated that transparency, accountability, and strict adherence to financial laws are essential to maintaining trust in India’s corporate sector. ED Issues Fresh Summons to Anil Ambani in Ongoing Fraud Probe The Enforcement Directorate (ED) has issued a fresh summons to industrialist Anil Ambani in connection with an ongoing investigation into alleged financial irregularities. Ambani had already missed two previous appearances, and his request to give a virtual statement was rejected. He has now been asked to appear in person next Monday. The move is part of a wider investigation into companies under the Reliance Anil Dhirubhai Ambani Group (ADAG). The Serious Fraud Investigation Office (SFIO) has taken over the probe to examine potential gaps in corporate governance and whether funds were moved improperly across group companies. Currently, at least four firms—Reliance Infrastructure, Reliance Communications, Reliance Commercial Finance Ltd (RCFL), and CLE Pvt Ltd—are under scrutiny. More companies may be added if links to fund transfers are found. The intensified investigation follows the ED’s earlier action, which attached assets worth nearly ₹7,500 crore, including properties in Navi Mumbai, Bandra, and New Delhi. Authorities are reviewing corporate documents, financial records, and Anil Ambani’s responses to ensure accountability and transparency. This case highlights the government’s focus on strict enforcement of financial laws and corporate governance. The SFIO and ED are leaving no stone unturned to ensure that any irregularities are thoroughly investigated.