ED Summons Anil Ambani Again! Rs 40 Crore Siphoned? Major Probe Unfolds!
Law/Court
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Updated on 14th November 2025, 10:09 PM
Author
Aditi Singh | Whalesbook News Team
Crux:
The Enforcement Directorate (ED) has issued a fresh summons to Reliance Group Chairman Anil Ambani, asking him to appear on Monday. He had previously skipped a summons on Friday, offering a virtual appearance instead. The case relates to a highway project where an alleged ₹40 crore was siphoned off through shell companies, leading to a wider international hawala network investigation.
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Detailed Coverage:
Enforcement Directorate (ED) officials have issued a fresh summons to Reliance Group Chairman Anil Ambani, directing him to appear at their office on Monday. Mr. Ambani had previously missed a summons scheduled for Friday, for which he had offered to appear virtually and pledged full cooperation. The ED, however, has insisted on his physical presence and issued the new summons.
This investigation is connected to the Jaipur-Reengus highway project. Reports indicate that after attaching assets worth ₹7,500 crore belonging to Anil Ambani and his companies under anti-money laundering laws, the ED's search concerning Reliance Infrastructure uncovered allegations of ₹40 crore being 'siphoned' from the highway project. The agency stated that funds were moved through Surat-based shell companies to Dubai, uncovering an extensive international hawala network estimated to exceed ₹600 crore.
Impact This development can significantly impact investor sentiment towards Reliance Group entities, particularly Reliance Infrastructure. Regulatory scrutiny and allegations of financial impropriety can lead to stock price volatility and raise concerns about corporate governance. The investigation into a large hawala network also suggests potential broader economic and financial implications. Rating: 7/10
Difficult Terms Explained: Foreign Exchange Management Act (FEMA): A law enacted in India to consolidate and amend the law relating to foreign exchange management with the objective of facilitating the maintenance and orderly development of the foreign exchange market in India. Enforcement Directorate (ED): A law enforcement agency in India responsible for enforcing economic laws and fighting economic crime. Summons: A legal order requiring a person to appear in court or before an investigating agency. Siphoned: To illegally or secretively divert funds or assets for one's own use. Shell companies: Companies created to serve as intermediaries, often used for illegal activities such as money laundering or tax evasion, as they have no substantial assets or operations. Hawala: An informal system of transferring money, operating outside the formal banking channels, which can be used for both legitimate and illicit purposes.