Loan Fraud Case: ED Summons Anil Ambani for Questioning on August 5

Business tycoon Anil Ambani has been summoned by the Enforcement Directorate (ED) for questioning in a case related to alleged loan fraud. He has been asked to appear before the agency on August 5.

Sources say the case involves alleged irregularities in loans taken by his companies, which later turned into non-performing assets (NPAs). The ED is investigating whether any money laundering or financial mismanagement took place in the handling of those funds.

This is not the first time Ambani has faced scrutiny. His companies have been under pressure in recent years due to heavy debts and business losses. The agency is expected to question him about fund usage, loan defaults, and possible violations under the Prevention of Money Laundering Act (PMLA).

As the probe continues, more details may emerge about the role of corporate entities and banks involved in the case. Anil Ambani has not yet made a public statement regarding the summons.

The development has sparked renewed attention on financial accountability in India’s corporate sector.