Archive · 24 Jul 2025
Reliance Group Responds to ED Raids, Refutes Loan Allegations
The Enforcement Directorate (ED) is investigating Anil Ambani's Reliance Group over a loan from Yes Bank.
The ED is looking into a possible ₹3,000 crore bank loan fraud.
The ED searched places in Mumbai and Delhi, linked to Anil Ambani.
The company claims the loans were approved properly and repaid.
They say any issues are old and being handled legally.
The company addressed findings from SEBI, which is also being reviewed in court.
They said RCOM and RHFL are not part of the Reliance Group.
Enforcement Directorate (ED) conducted raids on properties linked to Anil Ambani's Reliance Group.
The raids are part of a money laundering investigation related to a ₹3,000-crore bank loan fraud involving Yes Bank.
Reliance Group stated that loans from Yes Bank were sanctioned on merit, fully secured, and repaid.
ED found potential violations in Yes Bank loan approvals to Reliance Group firms, including backdated memos.
The group addressed SEBI findings on increased corporate loans, with the matter pending before the Securities Appellate Tribunal (SAT).
- Who
- Anil Ambani's Reliance Group and Yes Bank
- What
- ED conducted raids on Reliance Group related to a money laundering investigation involving Yes Bank and alleged loan fraud.
- When
- Thursday, 24 July 2025
- Where
- Mumbai and Delhi
- Why
- As part of a money laundering investigation under the Prevention of Money Laundering Act (PMLA).
ED Allegations
Reliance Group's Stance
Loan Approval Process
ED Allegations
Loans were granted to Reliance Group with gross violations.
Reliance Group's Stance
Loans were sanctioned on merit.
SEBI Findings
ED Allegations
SEBI found a dramatic increase in corporate loans.
Reliance Group's Stance
The matter is sub judice.
- Company
- Reliance Group
- ED Action
- Raids
- Loan Amount (Alleged)
- ₹3,000 crore
- Involved Bank
- Yes Bank
- Investigation Type
- Money Laundering
- Related Act
- Prevention of Money Laundering Act (PMLA)
- SEBI Order Status
- Challenged in SAT