New Delhi: The Enforcement Directorate (ED) has once again summoned Reliance ADA Group Chairman Anil Ambani for questioning on November 14 in connection with a major money laundering case involving the Reliance Group companies, according to sources.

 

The fresh summons comes just days after the ED provisionally attached over 132 acres of land valued at ₹4,462.81 crore in the Dhirubhai Ambani Knowledge City (DAKC) complex at Navi Mumbai, under the Prevention of Money Laundering Act (PMLA).

Earlier, the agency had also attached 42 properties worth ₹3,083 crore linked to Reliance Communications Ltd (RCOM), Reliance Commercial Finance Ltd, and Reliance Home Finance Ltd in connection with related bank fraud cases.

With the latest attachment, the total value of assets seized now stands at ₹7,545 crore, the agency stated. “ED is actively pursuing perpetrators of financial crimes and remains committed to returning the proceeds of crime to their rightful claimants,” the statement added.

The probe originates from a CBI FIR filed under sections 120-B, 406, and 420 of the IPC and sections 13(2) and 13(1)(d) of the Prevention of Corruption Act, 1989 against RCOM, Anil Ambani, and others.

According to investigators, RCOM and its group entities availed loans worth ₹40,185 crore from various domestic and foreign lenders between 2010 and 2012, of which five banks later classified the accounts as fraud.

ED findings indicate that loans obtained from one bank were diverted to repay loans from other banks, transferred to related parties, and invested in mutual funds—violating loan terms and conditions.

The agency alleges that over ₹13,600 crore was diverted for evergreening loans, ₹12,600 crore to connected entities, and ₹1,800 crore invested in fixed deposits and mutual funds, which were later liquidated and rerouted within group companies.

The ED also uncovered misuse of bill discounting facilities to funnel funds to related entities and siphoning of loans abroad through foreign remittances. The investigation into the financial irregularities is still ongoing, officials confirmed.