Anil Ambani Summoned Again by ED in ₹40,000 Crore Fraud Case

Anil Ambani is not having it easy. The Enforcement Directorate (ED) has issued another summons to Reliance Group Chairman Anil Ambani today. On February 26, 2026, Anil Ambani appeared at the headquarters of the ED in Delhi for questioning in a suspected ₹40,000-crore bank fraud and money laundering case involving Reliance Communications (RCOM). According to officials, he was questioned for over nine hours. This was his second appearance in this case; the last time he appeared for questioning was in August 2025.

A day earlier, on February 25th, the Enforcement Directorate (ED) temporarily seized Anil Ambani's luxury residence, "Abode," located in Mumbai's Pali Hill area, under the Prevention of Money Laundering Act (PMLA). The property is estimated to be worth ₹3,716 crore (approximately $1.7 billion). With this seizure, the total seizure amount of Ambani Group assets has exceeded ₹15,700 crore (approximately $1.5 billion).

The investigation alleges that RCom diverted loan proceeds from various banks, including SBI and Yes Bank, to related entities and foreign accounts. It also mentions exposures of ₹13,558 crore (approximately $1.3 billion) involving Chinese state-owned banks. This money laundering investigation is based on a 2019 CBI FIR. The Enforcement Directorate (ED) has formed a Special Investigation Team (SIT) and is conducting a thorough investigation into the matter following Supreme Court directives.

Anil Ambani has been asked to appear for questioning again on Friday (February 27) in a different case of loan fraud, which is related to Yes Bank. This is happening at a time when there is talk of cracking down on large financial scams and taking action against famous individuals.