Archive · 24 Jul 2025
ED Raids Over 35 Premises in Ambani Money Laundering Probe
The ED, a government agency, is investigating Anil Ambani's companies for possible money laundering.
They believe money was illegally moved around after loans were given by Yes Bank.
The investigation involves searching properties and companies.
The ED suspects that loans were given improperly, with approval documents possibly created after the fact.
The agency is looking into where the money went.
The ED is working with other financial organizations in this investigation.
Some of the Reliance Group companies say that the investigation won't affect them, since they are not involved.
The Enforcement Directorate (ED) conducted raids at over 35 premises linked to Anil Ambani's Reliance Group.
The raids are part of a money-laundering investigation involving Yes Bank loans to Reliance Group companies.
Allegations include illegal diversion of approximately Rs 3,000 crore in loans from Yes Bank.
ED found irregularities such as backdated credit approval memorandums for the loans.
Reliance Power and Reliance Infrastructure stated the raids won't affect their operations.
- Who
- The Enforcement Directorate is investigating Anil Ambani and his Reliance Group companies.
- What
- ED is investigating alleged money laundering and illegal diversion of funds.
- When
- The raids were conducted on Thursday.
- Where
- Over 35 premises linked to Anil Ambani's Reliance Group were raided.
- Why
- To investigate potential money laundering related to Yes Bank loans.
Government View
Reliance Group View
Impact of Raids
Government View
The ED is investigating possible financial crimes related to loan approvals.
Reliance Group View
The Reliance Group maintains its operations will be unaffected by the investigation.
- Agency
- Enforcement Directorate (ED)
- Investigation Type
- Money laundering
- Entities Involved
- Reliance Group companies, Yes Bank
- Loan Amount (approx.)
- Rs 3,000 crore
- Source of Loans
- Yes Bank
- Date of FIRs
- September 19, 2022