ANILAMBANI
Moneylife Digital Team 10 September 2025
The directorate of enforcement (ED) has registered a money laundering case against industrialist Anil Ambani and Reliance Communications Ltd (RCom) in connection with an alleged Rs2,929 crore fraud at State Bank of India (SBI). The case, lodged under the Prevention of Money Laundering Act (PMLA), stems from a first information report (FIR) filed last month by central bureau of investigation (CBI).

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Moneylife Digital Team 05 September 2025
In a major development, Bank of Baroda (BoB) has classified the loan accounts of Reliance Communications Ltd (RCom) and its former director Anil Dhirajlal Ambani as ‘fraud’, making it the third state-run lender to take such action against the debt-laden telecom company and its promoter.

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Moneylife Digital Team 29 August 2025
Days after State Bank of India (SBI) classified Reliance Communications Ltd’s (RCom) loan accounts as fraudulent, another state-run lender Bank of India (BoI) has also flagged loans of the debt-ridden telecom company, its promoter Anil Ambani, and associated entities as fraud. In a disclosure to stock exchanges, RCom says last week it had received a letter from BoI informing the company that the Bank had decided to treat its loan account as fraudulent along with those of Ambani and former director Manjari Ashok Kacker.

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After a decade of studious indifference to financial recklessness, defaults and allegations of financial jugglery, the Anil Ambani group is finally in the enforcement directorate's (ED) crosshairs. Early August saw the ED summon top officials, including Amitabh Jhunjhunwala and Satish Seth, in a money laundering investigation linked to a Rs17,000-crore bank loan fraud involving Reliance Communications (RCom), Reliance Commercial Finance Ltd (RCFL), and Reliance Home Finance Ltd (RHFL).

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The Anil Ambani constellation of companies which, over the last few years, has helped banks in India and even some overseas to shed a good part of their profits to loan write-off, seems to have suddenly become the cynosure of the enforcement directorate.

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Moneylife Digital Team 04 August 2025
The directorate of enforcement (ED) has summoned several senior executives of the Anil Ambani-led Reliance Anil Dhirubhai Ambani (ADA) group and is likely to call in top bankers for questioning as part of its ongoing money laundering investigation into alleged loan fraud involving group companies, say media reports.

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Moneylife Digital Team 01 August 2025
The directorate of enforcement (ED) has summoned Reliance Anil Dhirubhai Ambani (ADA) group chairman Anil Ambani to appear for questioning on 5 August 2025 in connection with an alleged multi-crore loan fraud and money laundering investigation involving his group companies.

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Moneylife Digital Team 25 July 2025
In a sweeping action, the Directorate of Enforcement (ED) on Thursday conducted search operations at more than 35 locations linked to Anil Ambani’s Reliance Anil Dhirubhai Ambani (Reliance ADA) group companies

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Moneylife Digital Team 22 July 2025
The Union government confirmed in Parliament that State Bank of India (SBI) has officially classified the loan account of Reliance Communications Ltd (RCom) as 'fraud' and has reported the name of the company's former director Anil Dhirubhai Ambani to Reserve Bank of India (RBI), following due regulatory process.

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Moneylife Digital Team 02 July 2025
State Bank of India (SBI) has decided to classify the loan account of Reliance Communications Ltd (RCom) as ‘fraud’ and report the name of the company’s erstwhile director, Anil Dhirubhai Ambani, to the Reserve Bank of India (RBI), reveals regulatory filing by the lender and RCom.

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Moneylife Digital Team 10 June 2025
The Bombay High Court (HC) on Tuesday directed the Mumbai Metropolitan Region Development Authority (MMRDA) to pay Rs1,169 crore to Mumbai Metro One Pvt Ltd (MMOPL), a subsidiary of Reliance Infrastructure Ltd, as part of an arbitration award.

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Sahyaja MS (Bar Bench) 28 February 2025
The Bombay High Court on Friday issued notice to Union Bank of India and the Reserve Bank of India (RBI) in response to a petition filed by industrialist Anil Ambani challenging the classification of his loan account as fraud.

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Moneylife Digital Team 23 August 2024
Coming down heavily on Reliance Home Finance Ltd (RHFL), Anil D Ambani, the chairperson of Anil Dhirubhai Ambani (ADA) group, several key managerial personnel (KMPs) and ADA group companies

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The doctrine of legitimate expectation is a principle invoked when a public authority recoils from a promised performance. It falls in the lap of the courts to apply this to make the authority perform its obligation.

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Moneylife Digital Team 13 July 2023
Anil Ambani, the chief of Reliance Anil Dhirubhai Ambani (R-ADA), is trending on social media on reports of Dassault Aviation's withdrawal even as prime minister (PM) Narendra Modi is on a two-day visit to France. The New Indian Express, reported that Dassault Aviation wants to withdraw from Dassault Reliance Aerostructure Ltd (DRAL), its joint venture (JV) with Mr Ambani-owned Reliance Aerostructure Ltd. The French portal Mediapart has also published a letter, purportedly written by Mr Ambani to the then economy minister Emmanuel Macron and finance minister Michel Sapin soliciting their intervention to evade a 151-million-euro tax claim against his French subsidiary.

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Moneylife Digital Team 04 July 2023
Tina Ambani, wife of Reliance Anil Dhirubhai Ambani (R-ADA) group chairman Anil Ambani, on Tuesday, appeared before the enforcement directorate (ED) in Mumbai for questioning in a case related to the Foreign Exchange Management Act (FEMA). On Monday, Mr Ambani appeared before the ED and recorded his statement concerning an investigation linked to the alleged contravention of the foreign exchange law.

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