After Ed Summons, now action in false bank guarantee case! Anil Ambani gets screwed, big attacks in Odisha-Bengale

The chairman of Reliance Group and the problems of MD Anil Ambani appear to be taking. Following the case of the bank loan fraud, the ED has now strengthened the investigation into a false bank guarantee case of Rs 68 crore. In this regard, ED made raids in Odisha and Kolkata on Friday. The ED filed an ECIR (information report on the information cases) on the basis of a case registered by the branch of the Economic Missions of Delhi on November 11, 2024. The ED claims that the contract was given to Anil Ambani’s company based on this false bank guarantee. In Bhubaneswar, the ED 3 campuses associated with Messrs, Biswal Tradalink Private Limited and its directors were inundated and searched. At the same time, the ED also attacked the premises of a colleague business of the same firm in Kolkata. Messrs Biswal Tradalink Private Limited (located in Odisha), its director and collaborators were found at the issuance of false bank guarantee on the 8% commission. The ED claimed that Anil Ambani’s company also set up false accounts to pay commission to the firm. Many unexplained bank accounts have been detected. Suspicious transactions worth rupees were found in these bank accounts. The federal agency said it had detected the relations between Anil Ambani group companies and Solar Energy Corporation of India (Seci) a fake bank guarantee of Rs 68.2 crore. In a related case, the first seized evidence (during the search of 24.07.2025 in the case of Anil Ambani group companies) directly related to the current investigation. According to the ED, the use of false e -mail domain of SBI, this false warranty was issued in the name of Messrs Reliance Nu Base Limited and Messrs. Maharashtra Energy Generation Limited, both associated with Anil Ambani Group. In an attempt to describe the false bank guarantee as real, Anil Ambani’s Reliance Group used a false email domain, “s-bi.co.in”, instead of the official “sbi.co.in” to contact SECI. The ED sought a domain registration details of the National Internet Exchange of India (Nixi) to find out what the source of this false domain is. According to the ED, a family member’s home found at the company’s address, the company is only a paper institution – its registered office is the residential property of a family member. No statutory record of the company was found at the address. Suspicious financial transactions have been detected in various companies. Prominent people associated with the business have been found to talk to the telegram app with ‘missing messages’ functions, which are indicative of attempts to hide the conversation. Earlier, Ambani was summoned by the ED on Friday in connection with the continued investigation into the alleged case of £ 17,000 Crore loan and asked to appear in his office in New -Delhi on August 5 for questioning. Share this story -tags