Brief by Shorts91 Newsdesk / 05:21am on 01 Aug 2025,Friday India
The Enforcement Directorate (ED) has summoned Reliance Group chairman Anil Ambani for questioning on August 5, 2025, in connection with an alleged ₹17,000 crore loan fraud and money laundering case. The probe involves suspected diversion of loans obtained between 2017 and 2019 by Reliance firms through shell companies and undisclosed entities. Over 35 premises across Mumbai and Delhi were raided recently. The case also includes findings from SEBI and the National Housing Bank. Following the ED’s action, shares of Reliance Power and Reliance Infrastructure dropped nearly 5%, reflecting growing investor concern. (PC: ANI)
