ED calls in Anil Ambani over alleged loan fraud

Business Nov 15, 2025

Businessman Anil Ambani has been summoned by the Enforcement Directorate (ED) for questioning on November 17 about a suspected loan fraud involving his companies.
He'd asked to join virtually, but the ED said no.
This follows an earlier eight-hour grilling just three months ago.

What's the case about?

The investigation is focused on a FEMA (Foreign Exchange Management Act) inquiry tied to a 2010 highway project managed by Reliance Infrastructure, where Ambani was a non-executive director.
Even though it was a domestic project with no foreign exchange angle, the ED has now attached over 42 properties—worth more than ₹3,000 crore—linked to Ambani and his firms.