Anil Ambani vows to stay in India as ED summons him for probe
Anil Ambani vows to stay in India as ED summons him for probe
Ambani files affidavit promising to appear before ED on Feb 26 and not leave the country without court permission amid a bank fraud probe.
ADAG Group chairman and managing director Anil Ambani has filed an affidavit before the Supreme Court stating that he has not left India since July 2025, or since the start of the investigation into an alleged bank fraud case. He also says he has no plan or intention to travel abroad and will appear before the Enforcement Directorate (ED) on February 26, 2026. He further undertook that he will not leave the country without the court's prior permission, and will fully cooperate with authorities to ensure transparency in the ongoing investigation.
Earlier, the ED issued fresh summons for February 26 after his initial appearance before the ED in August 2025. In a related development, a three-judge Bench directed the ED to form a Special Investigation Team (SIT) of senior officers to probe the alleged nexus, connivance, and conspiracy among bank officials and company executives, while the CBI was asked to conduct a “fair, dispassionate” probe into the case. The court’s escalation comes as forensic reports point to the siphoning of public funds and alleged forged bank guarantees.
Solicitor General Tushar Mehta, appearing for the CBI and ED, indicated that the forensic audit pointed to siphoning of approximately ₹40,000 crore of public money, underscoring the seriousness of the charges. Ambani stressed that any material furnished or cooperation extended must be viewed in the context of matters already under consideration and not in isolation.
This development signals ongoing high-stakes scrutiny of the bank fraud case that has dominated headlines, with the court emphasizing accountability and due process as investigations proceed.
