Archive · 24 Jul 2025
ED Raids Anil Ambani's Mumbai Properties Following Fraud Declaration
The government is investigating Anil Ambani, a well-known businessman, because the State Bank of India (SBI) says he did something wrong.
SBI has labeled Ambani as a 'fraud'.
This means they believe he did not follow the rules.
Government agents raided some of his properties in Mumbai.
SBI reported their concerns to the Reserve Bank of India (RBI).
The company, Reliance Communications (RCom), also announced this information to the stock market.
This is because SBI thinks Ambani has not been honest with his money.
Enforcement Directorate (ED) conducted raids on properties in Mumbai linked to Anil Ambani.
The raids occurred days after State Bank of India (SBI) declared Ambani a 'fraud'.
SBI classified Reliance Communications and Anil Ambani as 'fraud' on June 13, 2025.
SBI reported the fraud classification to the Reserve Bank of India (RBI) on June 24, 2025.
The Resolution Professional of RCom informed the Bombay Stock Exchange about the fraud classification on July 1, 2025.
- Who
- The Enforcement Directorate and Anil Ambani.
- What
- ED raided properties linked to Anil Ambani after SBI declared him 'fraud'.
- When
- The raids occurred after June 13, 2025 (when the fraud was classified).
- Where
- Mumbai
- Why
- Because SBI classified Ambani as a fraud and reported it to RBI.
- Entity Under Investigation
- Anil Ambani
- Financial Institution
- State Bank of India (SBI)
- Fraud Classification Date
- June 13, 2025
- Fraud Reported to RBI
- June 24, 2025
- Related Company
- Reliance Communications (RCom)