Anil Ambani’s troubles are increasing
The Enforcement Directorate (ED) has taken major action against Anil Ambani-led Reliance Infrastructure. The Central Investigation Agency said on Wednesday that it has seized more than a dozen bank accounts of the company in connection with the ongoing investigation under the Foreign Exchange Management Act (FEMA). The investigating agency alleges that public money has been misappropriated, which was released for the construction of roads and highways in the country.
Funds worth Rs 54 crore and 13 bank accounts seized
ED’s Special Task Force found in its investigation that Reliance Infrastructure The huge amount of money lying in the accounts is suspicious. Taking action, the agency has seized 13 bank accounts of the company, in which a total of Rs 54.82 crore were deposited. This action has been taken under Section 37A of FEMA, 1999.
The investigating agency says that this case is directly related to violation of Section 4. It is alleged that the money given by the National Highways Authority of India (NHAI) for the construction of highway projects was used somewhere else instead of there.
ED, Special Task Force, Headquarters has seized 13 bank accounts of M/s Reliance Infrastructure Ltd. under Section 37A of the Foreign Exchange Management Act (FEMA), 1999 for contraventions under section 4 of FEMA in the matter of siphoning of public funds from highway pic.twitter.com/ETe2TGpqGN
— ED (@dir_ed) December 10, 2025
Money sent abroad through ‘shell’ companies?
According to ED, Reliance Infrastructure diverted funds received from NHAI by using its ‘Special Purpose Vehicles’ (SPV). Investigation has revealed that this money was not withdrawn directly but was withdrawn in a roundabout way. The agency alleges that the company showed sub-contracting agreements with some Mumbai-based ‘shell’ companies (companies that exist only on paper). These agreements were actually ‘fake’ or sham. Under the guise of these sub-contracts, public money was first sent to these shell companies and then illegally transferred abroad from there. That is, the money which was supposed to be used on the roads of India, went out of the country through dubious routes.
Anil Ambani’s troubles are not decreasing
This investigation is not limited to the company only, but its wires are also reaching the top management. The Enforcement Directorate had sent summons to Anil Ambani last month for questioning in this matter. However, he did not appear before the agency to record his statement. At present, there has been no official statement or clarification from Reliance Infrastructure on this seizure and the serious allegations made by ED.
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