NEW DELHI — Embattled industrialist and Reliance Group chairman Anil Ambani faced an intense nine-hour interrogation by the Enforcement Directorate (ED) on Thursday, February 26, 2026. The questioning, which took place at the federal agency’s Delhi office, is part of a massive money laundering probe linked to an alleged ₹40,000 crore bank fraud involving his firm, Reliance Communications (RCOM). This development came on the same day the Central Bureau of Investigation (CBI) registered a separate criminal case involving a loss of ₹2,220 crore to the Bank of Baroda.
The 66-year-old industrialist arrived at the ED headquarters around 10:30 a.m. and was seen leaving only after 8:00 p.m. Sources indicate that his statement was recorded under the Prevention of Money Laundering Act (PMLA). The probe focuses on the alleged diversion of funds through a complex web of foreign subsidiaries and offshore entities. This follows the January arrest of former RCOM president Punit Garg. Adding to the pressure, the ED has summoned Ambani again for Friday in connection with a different case involving alleged loan fraud at Yes Bank.
Simultaneously, the CBI conducted extensive searches at Ambani’s residence and RCOM offices after filing a fresh FIR. Based on a complaint from the Bank of Baroda, the CBI alleges that RCOM diverted loan funds through fictitious transactions with related parties, causing a loss of over ₹2,220 crore. This investigation was initiated after the Bombay High Court recently vacated a stay on declaring the company’s accounts as “fraud.” The CBI has reportedly recovered several incriminating documents during these raids that link group officials to criminal misconduct and abuse of official position.
These coordinated actions by federal agencies follow a significant move on Wednesday when the ED attached Ambani’s luxury Mumbai residence, ‘Abode,’ valued at ₹3,716 crore. The intensified scrutiny is part of a Special Investigation Team (SIT) mandate formed under the directions of the Supreme Court to probe multiple instances of loan fraud across Ambani’s group companies. As the investigation widens, the industrialist faces a mounting legal battle that spans multiple banking institutions and thousands of crores in alleged irregularities.
