Troubles continue to mount for the Anil Ambani Group of companies. The latest development involves the Enforcement Directorate (ED) summoning Anil Ambani for August 5 in connection with a ₹10,000 crore loan fraud. However, Reliance Group sources claimed that Reliance Infrastructure had publicly disclosed the matter as early as February 9, 2025, and that the Securities and Exchange Board of India (SEBI) had not made any independent discovery.
“Reliance Infrastructure had an exposure of ₹6,500 crore. The allegation that the diverted amount is ₹10,000 crore only serves to sensationalise the magnitude and is not based on facts.”
In response to media queries, Reliance Infrastructure stated: “The company wishes to clarify regarding today’s media reports pertaining to an over 10-year-old matter concerning the alleged diversion of ₹10,000 crore to an undisclosed related party, when the exposure as per the disclosures in the company’s financial statements is only around ₹6,500 crore.”
The company further added: “Reliance Infrastructure had publicly disclosed this matter on February 9, 2025—nearly six months ago.”
According to the company, Reliance Infrastructure’s net exposure stood at ₹6,500 crore, as disclosed in its financial statements over four years. The company said it had diligently pursued recovery of its dues. Through mandatory mediation proceedings conducted by a retired Supreme Court judge, and with the mediation award filed before the Hon’ble Bombay High Court, the company reached a settlement to recover 100 per cent of its ₹6,500 crore exposure.
The statement also emphasised that Anil D. Ambani has not been on the board of Reliance Infrastructure for more than three years—since March 2022.
Meanwhile, shares of Anil Ambani Group companies remain under pressure. Reliance Infrastructure shares were locked in a 5 per cent lower circuit, while Reliance Power shares also fell 5 per cent intra-day. Over the past five trading sessions, both stocks have declined more than 10 per cent.
