NEW DELHI — Industrialist Anil Ambani did not appear before the Enforcement Directorate on Friday, February 27, 2026, despite being summoned for further questioning in an ongoing money laundering investigation. This absence follows his appearance at the agency’s headquarters on Thursday, where he spent several hours recording a statement regarding alleged financial irregularities within his business empire. Investigators are currently scrutinizing a complex web of bank fraud allegations and loan diversions involving Reliance Communications Limited and other group entities.
The latest development in the case involves the significant attachment of Ambani’s luxury residential property, “Abode,” located in Mumbai’s prestigious Pali Hill. The property is valued at approximately ₹3,716.83 crore. The Enforcement Directorate’s Special Task Force took action under the Prevention of Money Laundering Act, bringing the cumulative value of attached properties across the Anil Ambani Group to more than ₹15,700 crore. This move marks a major escalation in the probe, which stems from a Central Bureau of Investigation First Information Report alleging criminal conspiracy and cheating.
According to agency records, Reliance Communications and its various subsidiaries secured substantial loans from both domestic and international lenders between 2010 and 2012. Currently, the outstanding dues are estimated at over ₹40,185 crore. The investigation has revealed that these funds were allegedly diverted to evergreen loans, funnelled to connected parties, or invested in mutual funds in direct violation of the original loan agreements. Furthermore, the State Bank of India has officially classified the accounts of the group and its promoter as “fraudulent,” a status reported to the Reserve Bank of India.
The probe also extends to suspicious transactions involving YES Bank, where Reliance Mutual Fund reportedly invested ₹2,850 crore in AT-1 bonds. Authorities suspect this was a quid pro quo arrangement that resulted in the siphoning of public funds. Additionally, the agency is investigating claims that Reliance Infra diverted over ₹10,000 crore through undisclosed related party companies to circumvent regulatory checks. While the industrialist had previously requested time to provide supporting documents for his loan transactions, the latest skip of the summons suggests a potential shift in his legal strategy as the federal agency intensifies its efforts to recover the proceeds of the alleged crimes.
