The Enforcement Directorate (ED) has summoned Reliance Group chairman Anil Ambani for questioning on August 5 in connection with a ₹3,000 crore bank loan fraud case that is being investigated under the Prevention of Money Laundering Act (PMLA).
The summons follow a series of raids conducted by the ED on July 24 at multiple locations linked to Mr Ambani and his associated companies. During the three-day operation, officials seized several documents and computer peripherals believed to be connected to the alleged financial irregularities.
The searches spanned premises in Delhi and Mumbai and targeted 50 companies and 25 individuals, including top executives from the Anil Ambani-led group. Over 25 people have been questioned so far as part of the probe.
According to sources, the ED is investigating multiple allegations of large-scale financial misconduct involving loans worth thousands of crores. The current focus is on alleged diversion or misuse of bank loans that may have been laundered through a web of companies.
While the agency has not yet made any official statement regarding specific charges against Mr Ambani, his questioning is expected to be a key part of the ongoing investigation.
(This story is published from a syndicated feed)