The Enforcement Directorate has intensified its investigation into alleged financial irregularities by extending the questioning of Jai Anmol Ambani, the elder son of prominent industrialist Anil Ambani, for a second consecutive day on December 20, 2025. The 34-year-old executive appeared before ED officials in connection with a money laundering case linked to suspected bank loan frauds involving entities of the Reliance Anil Dhirubhai Ambani Group. This development underscores the agency's determined pursuit of clarity on complex financial dealings that have raised significant regulatory concerns.
Anmol Ambani's statements are being meticulously recorded under the stringent provisions of the Prevention of Money Laundering Act, marking his first formal interaction with the agency in this matter on Friday, followed by an extended session on Saturday. Investigators are reportedly focusing on detailed transactional records and decision-making processes within the group companies to establish potential violations. The prolonged questioning indicates the depth of scrutiny being applied to unravel the intricacies of the alleged misconduct.
At the core of the probe lies Yes Bank's substantial financial exposure to the Reliance Anil Dhirubhai Ambani Group, which escalated dramatically from around Rs 6,000 crore as of March 31, 2017, to approximately Rs 13,000 crore within the subsequent year. Key entities implicated include Reliance Home Finance Limited and Reliance Commercial Finance Limited, where substantial investments were channeled. The rapid doubling of exposure has drawn attention to governance and risk management practices prevalent during that period.
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A considerable segment of these disbursements subsequently classified as non-performing assets, culminating in alleged losses of Rs 3,300 crore for Yes Bank. The ED contends that such outcomes point toward systemic lapses that may involve deliberate diversion or mismanagement of funds, necessitating thorough forensic examination. This aspect of the investigation highlights broader issues within the non-banking financial sector regarding lending norms and recovery mechanisms.
Anil Ambani himself has previously undergone questioning by the Enforcement Directorate in related allegations of bank loan fraud pertaining to group companies, adding to the scrutiny on the conglomerate's financial operations. The Reliance Anil Dhirubhai Ambani Group has maintained silence on the latest developments involving Jai Anmol Ambani, with no official statement issued in response. As the probe progresses, authorities are expected to explore further evidentiary trails to determine accountability and ensure compliance with financial regulations.
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