Archive · 24 Jul 2025
ED Raids Anil Ambani's Companies Over Money Laundering Allegations
The Enforcement Directorate (ED) is investigating Anil Ambani's RAAGA companies for possible money laundering.
They're looking into how Yes Bank gave loans, finding issues like backdated paperwork and money being moved to other companies.
The ED believes the goal was to cheat banks and investors.
They're also checking out Reliance Home Finance Limited's loans.
Reliance Infrastructure and Reliance Power said the investigation won't affect their business.
The case could become a major financial fraud investigation.
ED conducted raids on 35 premises of RAAGA companies linked to Anil Ambani in a money laundering case.
The investigation is based on a CBI FIR, probing alleged loan fraud and bribery involving Yes Bank loans.
ED found issues with Yes Bank loans to RAAGA companies, including back-dated documents and fund diversions.
Reliance Home Finance Limited (RHFL) transactions, which had a significant jump in corporate loans, are also under scrutiny.
Reliance Infrastructure and Reliance Power deny any involvement in the investigation and say it won't affect their business.
- Who
- The Enforcement Directorate (ED) and RAAGA companies, linked to Anil Ambani are involved.
- What
- The Enforcement Directorate (ED) is investigating a money laundering case involving RAAGA companies.
- When
- The ED conducted raids on Thursday.
- Where
- Across 35 premises.
- Why
- To investigate alleged loan fraud, bribery, and financial misappropriation.
ED Investigation
Reliance Group Response
Impact on Business
ED Investigation
ED investigation reveals a well-planned scheme to syphon off public funds by cheating banks, investors, shareholders, and financial institutions.
Reliance Group Response
Reliance Infrastructure and Reliance Power deny any involvement and state the investigation won't affect business operations.
- Companies Targeted
- RAAGA companies
- Investigation Trigger
- CBI FIR
- Loan Details
- Yes Bank loans
- Allegations
- Loan fraud, bribery, financial misappropriation
- RHFL Loan Increase
- From Rs 3,742.60 crore to Rs 8,670.80 crore (FY 2017-19)
- Companies Denying Involvement
- Reliance Infrastructure and Reliance Power