Mumbai
Reliance Group Chairman and MD Anil Ambani’s difficulties seem to be increasing. After the bank loan fraud case, the ED has now intensified the investigation in a fake bank guarantee case of Rs 68 crore. In the same Lasile, the ED conducted raids in Odisha and Kolkata on Friday. The ED has filed an ECIR (enforcement case information report) on the basis of a case registered by the Economic Offenses Branch of Delhi Police on November 11, 2024 in this case.
The ED alleges that Anil Ambani’s company was given the contract on the basis of this fake bank guarantee. In Bhubaneswar, the ED raided and searched 3 complexes associated with Messrs Biswal Tradalink Private Limited and its directors. At the same time, the ED raided the premises of a colleague of this firm in Kolkata. Messrs Biswal Tradalink Private Limited (located in Odisha), its director and associates were found involved in issuing fake bank guarantee on 8% commission.
Fake bills prepared for commissioning
The ED has alleged that Anil Ambani’s company had also prepared fake bills to pay commission to the firm. Many undeclared bank accounts have been detected. Suspected transactions worth crores of rupees have been found in these bank accounts. The federal agency said that it has revealed the relationship between an Anil Ambani Group companies and a fake bank guarantee of ₹ 68.2 crore assigned to the companies of India (SECI). In a case associated with this, the first seized evidence (during the search of 24.07.2025 in the case of Anil Ambani Group companies) is directly related to the current investigation.
SBI used fake email domain
According to the ED, this fake guarantee was released in the name of Messrs Reliance NU Base Limited and Messrs Maharashtra Energy Generation Limited, both are associated with Anil Ambani Group. In an attempt to describe the fake bank guarantee as real, Anil Ambani’s Reliance Group used a fake email domain, “S-Bi.co.in” instead of the official “sbi.co.in” to allegedly contact SECI. The ED has sought details of the Domain Registration from the National Internet Exchange of India (NIXI) to find the source of this fake domain.
Relatives’ residence found at the company’s address
According to the ED, the company is only a paper institution- its registered office is the residential property of a relative. No statutory record of the company was found on the address. Suspected financial transactions have been detected with several companies. Prominent people associated with the company have been found to use the Telegram app ‘dysposty message’ feature, which indicates efforts to hide the conversation. Earlier, Ambani was issued summons in connection with the ongoing investigation of the alleged ₹ 17,000 crore loan fraud case to the ED on Friday and asked to appear in his New Delhi on 5 August for questioning.
