Archive · 24 Jul 2025
ED Raids Anil Ambani Group in Money Laundering Probe
The government is investigating Anil Ambani's companies for money laundering.
The Enforcement Directorate (ED) searched many locations connected to his businesses in Mumbai and Delhi.
They are looking into how money from a bank called Yes Bank was possibly misused.
The ED believes Ambani's companies moved around about 3,000 crore rupees in a suspicious way.
Banks and other groups, including SBI, have been defrauded, and the ED is working with multiple regulators to investigate this.
SBI has declared some of Ambani's companies as fraudulent, meaning they did not follow financial rules.
The Enforcement Directorate (ED) raided multiple locations in Mumbai and Delhi linked to Anil Ambani's business, following an SBI fraud declaration.
The investigation focuses on alleged money laundering and diversion of funds, particularly concerning Rs 3,000 crore in Yes Bank loans between 2017-2019.
ED alleges a scheme to misappropriate public funds, supported by evidence from other regulatory bodies.
Raids were conducted at over 40 locations under the Prevention of Money Laundering Act, involving over 50 companies.
SBI has declared Reliance Communications and Anil Ambani as fraudulent, with personal insolvency proceedings initiated against Ambani.
- Who
- The Enforcement Directorate (ED) and the Anil Ambani group.
- What
- ED raided locations linked to Anil Ambani's group concerning a money laundering investigation.
- When
- The raids began on Thursday, July 24, 2025.
- Where
- Multiple locations in Mumbai and Delhi.
- Why
- To investigate alleged money laundering, loan diversions, and financial irregularities.
- Investigation Focus
- Money laundering, loan diversion, and financial irregularities
- Loan Amount Under Scrutiny
- Rs 3,000 crore from Yes Bank (2017-2019)
- Number of Locations Raided
- 40+
- Companies Involved
- Reliance Anil Ambani Group companies
- Legal Framework
- Prevention of Money Laundering Act (PMLA)
- Financial Institution
- State Bank of India (SBI) & Yes Bank
