ED Arrests Anil Ambani Aides in PMLA Probe Linked to Alleged Financial Irregularities

New Delhi, April 2026 : The Enforcement Directorate (ED) has arrested Amitabh Jhunjhunwala and Amit Bapna, close aides of industrialist Anil Ambani, in connection with an ongoing money laundering investigation under the Prevention of Money Laundering Act (PMLA). The action follows multiple Enforcement Case Information Reports (ECIRs) registered based on cases filed by the Central Bureau of Investigation (CBI), according to sources.

Jhunjhunwala, a former director of Reliance Capital Limited, is alleged to have played a key role in decision-making processes involving Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). Investigators suspect irregularities in financial transactions linked to these entities.

Earlier this month, the CBI registered a case against Reliance Communications (RCom), Anil Ambani, unidentified public servants, and others over allegations of causing a wrongful loss of ₹3,750 crore to the Life Insurance Corporation of India (LIC). The case stems from a complaint filed by LIC, alleging offences including criminal conspiracy, cheating, misappropriation, and violations under the Prevention of Corruption Act.

According to the agency, LIC was allegedly induced to invest ₹4,500 crore in non-convertible debentures (NCDs) of RCom based on misleading claims about the company’s financial health, as well as the security and asset cover offered. The investigation into these allegations is currently ongoing.

The latest arrests come amid a series of probes into financial dealings involving Reliance Group entities. The CBI had previously registered multiple cases against RCom and its officials over alleged fraud involving several banks. In one such case, Anil Ambani was questioned for two consecutive days at the CBI headquarters in Delhi regarding an alleged ₹2,929 crore fraud linked to the State Bank of India (SBI).

Adding to the developments, the Supreme Court of India recently emphasised the need for a coordinated and time-bound investigation into large-scale financial fraud cases involving RCom and its associated entities. A bench led by Chief Justice Surya Kant underscored that agencies like the ED and CBI must work together to ensure transparency and uncover the truth effectively.

As investigations continue to unfold, the arrests mark a significant step in the broader probe into alleged financial irregularities linked to the Reliance Group’s telecom and finance arms.

(The content of this article is sourced from a news agency and has not been edited by the Mavericknews30 team.)