Anil Ambani: ED raids on Anil Ambani group companies; Raids in Mumbai and Delhi

On July 24, 2025, the ED took major action against companies related to Anil Ambani's Reliance group. Raids were conducted at more than 35 locations in Mumbai and Delhi, initiating investigations into various financial irregularities. Approximately 50 companies and 25 individuals have come under the ED's radar in these raids.

This action is based on two FIRs filed by the Central Bureau of Investigation (CBI). Additionally, it is based on information received from institutions like the National Housing Bank, SEBI, NFRA, and Bank of Baroda. The preliminary investigation by the ED has revealed that banks, investors, and public institutions have been defrauded, and public money has been systematically diverted.

Especially in the Yes Bank case, information about major financial misconduct has come to light. There are allegations of illegal loan transactions amounting to approximately ₹3,000 crore between 2017 and 2019. The investigation also found that irregular methods were adopted while approving some loans. The 'Credit Approval Memo' required for loan approval was prepared with backdated entries. Loans were distributed without conducting financial audits or due diligence.

This amount has been diverted to shell companies, and some companies have been given large loans despite being financially weak. 'Evergreening', transfer of funds before approval, and the discovery of multiple companies at the same address have revealed serious irregularities. The suspicious increase in corporate loans at Reliance Home Finance Limited has also become the focal point of the ED investigation.