In an ongoing investigation, the Enforcement Directorate has summoned Anil Ambani for questioning on November 14 in connection to a ₹2,929-crore bank fraud case linked to Reliance Communications (RCom). The probe covers wider irregularities involving ₹17,000 crore in loans defaulted by RCom and related entities. The investigation aims to determine financial mismanagement linked to loan defaults involving major banks including State Bank of India. RCom’s failure to repay debts has triggered legal action and intensified scrutiny on corporate governance. This summons adds to regulatory pressure on Ambani’s business empire. ED is meticulously gathering evidence as the case unfolds, reflecting the government’s focus on cracking down on large-scale financial frauds affecting India’s banking system.
