ED Launches Investigation into Anil Ambani Over Alleged Bank Fraud

The Enforcement Directorate (ED) has launched an investigation against industrialist Anil Ambani following documents received from a CBI case. The probe pertains to an alleged bank fraud involving Reliance Communication Ltd (RCOM), Mumbai, its director Anil D. Ambani, and unspecified public servants and others. The ED claims that the fraud led to a wrongful loss of over ₹2,929 crore to the State Bank of India. The CBI had registered the criminal case on August 21, accusing the parties involved of defrauding the bank and causing significant financial damage, prompting the ED to initiate its investigation.