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Reliance Group Chairman Faces Fresh Questioning in Major Money Laundering Probe

ED Attaches ₹3,716-Crore Mumbai Residence ‘Abode’

The fresh questioning comes a day after the ED attached Ambani’s Mumbai residence, ‘Abode’, valued at ₹3,716 crore, under anti-money laundering provisions.

Officials said the probe focuses on alleged diversion and misuse of bank loans obtained by Reliance Communications and related entities.

The ED has already registered three separate money laundering cases against companies belonging to the Anil Dhirubhai Ambani Group (ADAG), examining alleged loan fraud and financial misconduct.

Supreme Court-Directed SIT Probing Alleged Financial Irregularities

The ED recently constituted a Special Investigation Team (SIT) following directions from the Supreme Court of India to investigate, comprehensively, alleged loan fraud involving Ambani’s business empire.

Investigators are examining financial transactions, loan utilisation patterns, and possible fund diversion as part of efforts to establish whether proceeds of crime were generated and laundered.

The case marks one of the largest ongoing financial probes involving a prominent corporate group, as authorities intensify scrutiny of alleged banking and financial irregularities.