ED Summons Anil Ambani in ₹7,500-Crore Money Laundering Case

ED Summons Anil Ambani in ₹7,500-Crore Money Laundering Case
The Enforcement Directorate (ED) has summoned industrialist Anil Ambani to appear on November 14 for questioning in connection with an alleged bank fraud and money laundering case involving assets worth ₹7,500 crore. According to officials, the case pertains to loans extended to group companies that later turned into non-performing assets, prompting an investigation under the Prevention of Money Laundering Act (PMLA). The ED is examining alleged fund diversions and irregularities in loan utilization. Ambani, who has previously denied any wrongdoing, is expected to provide details about financial transactions and company operations during his deposition. The probe is part of a broader crackdown on large corporate defaults and suspected financial misconduct. Sources said the agency may also summon senior executives linked to the companies under scrutiny as it continues to trace the money trail and determine the extent of the alleged violations.