ED arrests two former executives of Reliance Anil Ambani Group
The Enforcement Directorate has arrested two former executives of the Reliance Anil Ambani Group in connection with a 114.98 crore loan fraud case involving the State Bank of India. The arrests follow an investigation into a larger consortium loan facility granted to Reliance Telecom Ltd.
Why it matters
This case highlights ongoing efforts by Indian authorities to crack down on corporate financial fraud and recover public bank funds.
The Enforcement Directorate on Friday (June 12, 2026) arrested two former executives of the Reliance Anil Ambani Group (RAAG) under the Prevention of Money Laundering Act (PMLA) in Mumbai, officials said.
The reporting is factual, focusing on legal actions taken by government agencies without editorializing.
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