India’s financial crime agency, the Enforcement Directorate (ED), has launched a wide-ranging investigation into alleged money laundering and loan irregularities linked to the Anil Ambani-led Reliance Group.
On Wednesday, ED officials carried out searches at over 50 locations tied to Anil Ambani across multiple cities. Among the targeted properties was his personal residence in Mumbai, which was also searched.
According to Indian media, the raids are part of a larger inquiry into suspected misuse of bank loans and alleged laundering of illicit funds through shell companies and non-banking financial channels. These developments mark another serious blow for Anil Ambani, who has already been facing mounting financial troubles and scrutiny in recent years.
Simultaneously, the Securities and Exchange Board of India (SEBI) has fined Anil Ambani’s son, Anmol Ambani, an amount of ₹1 crore. The penalty stems from alleged violations in a case involving Reliance Home Finance Limited. SEBI found that Anmol Ambani failed to adhere to regulatory norms related to the disbursement and management of corporate loans.
The charges suggest that internal procedures and governance standards were compromised, potentially leading to financial misrepresentation. SEBI’s action adds further regulatory pressure on the Ambani family’s younger scion, raising questions over the management practices within the group’s finance divisions.
While Mukesh Ambani—Anil’s elder brother and head of Reliance Industries Limited—remains one of the world’s wealthiest individuals, Anil Ambani’s business empire has significantly diminished in the past decade, plagued by debt and failed ventures.
The ED and SEBI have not issued public statements detailing the final outcome of the investigation yet. However, sources suggest more actions and possibly arrests could follow if substantial evidence is uncovered during this operation.
Anil Ambani, once ranked among the richest men globally, has claimed in court filings that he is no longer a billionaire. This ongoing investigation may further impact his standing in India’s corporate landscape.
