ED raids 35 premises, 50 firms linked to Anil Ambani in Mumbai, Delhi

Mumbai: The Enforcement Directorate (ED) on Thursday conducted raids at multiple premises in Mumbai and Delhi linked to businessman Anil Ambani, days after the State Bank of India (SBI) declared him a 'fraud', according to media reports.

“Over 35 premises, 50 companies and over 25 persons are covered in a search operation launched today by the ED under section 17 of the Prevention of Money Laundering Act,” reported ANI, citing official sources.

The development came a day after Minister of State for Finance, Pankaj Chaudhary, stated in Parliament that the State Bank of India (SBI) has classified Reliance Communications Limited (RCOM), along with Promoter Director Anil D. Ambani, as “Fraud” in accordance with the Reserve Bank of India’s Master Directions on Fraud Risk Management and the bank’s board-approved policy on Classification, Reporting & Management of Frauds.

The bank is now in the process of filing a complaint with the Central Bureau of Investigation (CBI), the minister informed.

“On June 24, 2025 the bank has reported the classification of fraud to the RBI, and is also in the process of lodging a complaint with the CBI, the minister said in a written reply to a question in the Lok Sabha.