Industrialist Anil Ambani, the chairman of Reliance Anil Dhirubhai Ambani Group (ADAG), is coming to Delhi today, August 5, 2025, to face the Enforcement Directorate (ED) in the high-profile investigation into an alleged ₹17,000 crore bank loan scam. The ED inquiry, initiated under the Prevention of Money Laundering Act (PMLA), focuses on allegations of huge fund diversion and loan irregularities availed by a few Reliance Group companies, such as Reliance Infrastructure and Reliance Power, between 2017 and 2019.

The agency ramped up the crackdown in the previous month, raiding 35 business premises associated with the group and its top executives. Officials suspect that a large amount of the money must have been channeled through shell companies and suspicious inter-corporate balances. The ED also served a Look Out Circular to keep Ambani abroad pending investigation.

This morning’s events are under close scrutiny, with Ambani set to make his statement. The ED is also questioning senior bank officials in order to trace the movement of loans and determine if due diligence was avoided at the time of approving credit to the Reliance Group companies. The result of today’s hearing could have significant repercussions for the ongoing investigation into one of India’s largest suspected corporate loan scams.