Reliance Communications
ED Attaches Rs 1,452 Crore Assets in Anil Ambani's Reliance Group Bank Fraud Investigation
Nov 20, 2025 11:04 pm CST
The Enforcement Directorate has attached fresh assets worth Rs 1,452 crore in the ongoing bank fraud investigation against Anil Ambani's Reliance Group, bringing the total attached properties to Rs 8,997 crore. The case involves allegations of fund diversion, loan evergreening, and financial irregularities by Reliance Communications and related entities, with outstanding dues amounting to Rs 40,185 crore.
Anil Ambani's Reliance Group Confirms Business Operations Unaffected by ED's Rs 7,500 Crore Property Attachment
Nov 05, 2025 03:02 am CST
Reliance Group has clarified that ED's attachment of Rs 7,500 crore worth of properties has no impact on its listed companies' operations. Most attached assets belong to Reliance Communications, which has been under insolvency proceedings for six years and is no longer part of the group. Both Reliance Infrastructure and Reliance Power remain debt-free with substantial assets and continue normal business operations despite the ongoing investigation.
Reliance Power CFO Arrested: ED Detains Anil Ambani's Aide in Rs 68 Crore Bank Guarantee Fraud Case
Oct 11, 2025 01:55 pm CST
The Enforcement Directorate has arrested Ashok Kumar Pal, CFO of Reliance Power and aide to Anil Ambani, for alleged money laundering involving fake bank guarantees worth Rs 68 crore submitted to a government energy corporation. The case connects to broader investigations into the Ambani group concerning potential loan diversions exceeding Rs 17,000 crore across multiple companies, with authorities uncovering sophisticated fraud techniques including spoofed banking domains and shell companies.
Bombay High Court Dismisses Anil Ambani's Challenge to SBI's Fraud Classification of Accounts
Oct 03, 2025 08:39 pm CST
The Bombay High Court has rejected industrialist Anil Ambani's petition against State Bank of India's classification of his and Reliance Communications' accounts as fraudulent. The ruling comes amid allegations of fund misappropriation amounting to Rs 2,929.05 crore, which has prompted a CBI investigation into the matter.