NEW DELHI: The Enforcement Directorate (ED) on Friday questioned Jai Anmol Ambani, son of industrialist Anil Ambani, in Delhi in a money laundering case linked to an alleged bank loan fraud, officials said.
The agency has filed a Enforcement Case Information Report (ECIR) based on case filed by CBI.
The questioning forms part of the federal agency’s wider probe under the Prevention of Money Laundering Act (PMLA), aimed at examining fund flows, end-use of borrowings and possible diversion of proceeds.
The CBI had filed a criminal case against Jai Anmol Ambani following allegations of cheating and fund diversion that caused Union Bank of India a loss of Rs 228.06 crore.
Anil Ambani's Reliance Group is facing money laundering investigation alleged irregularities in loans worth approximately Rs 17,000 crore.
The FIR, registered on December 6, 2025, at the CBI's Banking Security and Fraud Branch (BSFB) in New Delhi, has named Jai Anmol Ambani, former director of Reliance Home Finance Ltd (RHFL), along with Ravindra Sharad Sudhalkar, the company's ex-CEO and whole-time director, unknown associates and public servants.
The cheating and fund diversion allegedly occurred during the period from April 1, 2016, to June 30, 2019.
During probe, CBI found that funds were allegedly siphoned through different companies, including Reliance Commercial Finance Ltd, Reliance Telecom Ltd, Reliance Communication Infrastructure Ltd, and K M Toll Road among others.
CBI obtained search warrants from the court of special CBI Judge Mumbai and conducted searches at two official premises of M/s Reliance Home Finance Ltd, residential premises of Jai Anmol Ambani, the then director of M/s Reliance Home Finance Ltd. and residential premises of Ravindra Sudhalkar, ex-CEO and whole time director of M/s. RHFL, all at Mumbai, the CBI statement said.
"Several incriminating documents have been observed and are being taken into possession during searches. Searches are in progress," the statement said