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Major Blow to Anil Ambani's Close Aide by ED; Amitabh Jhunjhunwala Arrested in Money Laundering Case
Mumbai: The troubles facing the Anil Ambani-led Reliance Anil Dhirubhai Ambani Group (ADAG) have escalated significantly once again. On Wednesday (April 15, 2026), the Enforcement Directorate (ED) arrested Amitabh Jhunjhunwala—a former senior executive of the group and a highly trusted associate of Anil Ambani—in connection with a money laundering case. Following a day-long interrogation, the ED took him into custody and produced him before a court for further investigation.
This case primarily involves two companies: Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). According to the ED's investigation, loan funds amounting to thousands of crores of rupees—secured by these companies from various banks—were allegedly diverted through a network of shell companies (bogus entities) or dummy firms, rather than being utilized for legitimate business purposes. The ED asserts that Amitabh Jhunjhunwala played a suspicious role in these financial irregularities and money laundering activities. This action has been initiated under the provisions of the Prevention of Money Laundering Act (PMLA).
For many years, Amitabh Jhunjhunwala has been recognized as a close advisor to Anil Ambani. He played a pivotal role in formulating the group's financial strategies. This arrest has created an atmosphere of apprehension among other senior executives within the Reliance Group.
Note: According to certain news sources, reports suggest that the ED has also arrested Amit Bapna in connection with this case; however, the primary focus of the investigation currently remains on Jhunjhunwala.
This development is being viewed as a major setback for the Anil Ambani Group. With the ED's investigation still underway, further significant developments in this case are anticipated.
Mumbai: The troubles facing the Anil Ambani-led Reliance Anil Dhirubhai Ambani Group (ADAG) have escalated significantly once again. On Wednesday (April 15, 2026), the Enforcement Directorate (ED) arrested Amitabh Jhunjhunwala—a former senior executive of the group and a highly trusted associate of Anil Ambani—in connection with a money laundering case. Following a day-long interrogation, the ED took him into custody and produced him before a court for further investigation.
This case primarily involves two companies: Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). According to the ED's investigation, loan funds amounting to thousands of crores of rupees—secured by these companies from various banks—were allegedly diverted through a network of shell companies (bogus entities) or dummy firms, rather than being utilized for legitimate business purposes. The ED asserts that Amitabh Jhunjhunwala played a suspicious role in these financial irregularities and money laundering activities. This action has been initiated under the provisions of the Prevention of Money Laundering Act (PMLA).
For many years, Amitabh Jhunjhunwala has been recognized as a close advisor to Anil Ambani. He played a pivotal role in formulating the group's financial strategies. This arrest has created an atmosphere of apprehension among other senior executives within the Reliance Group.
Note: According to certain news sources, reports suggest that the ED has also arrested Amit Bapna in connection with this case; however, the primary focus of the investigation currently remains on Jhunjhunwala.
This development is being viewed as a major setback for the Anil Ambani Group. With the ED's investigation still underway, further significant developments in this case are anticipated.
This case primarily involves two companies: Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). According to the ED's investigation, loan funds amounting to thousands of crores of rupees—secured by these companies from various banks—were allegedly diverted through a network of shell companies (bogus entities) or dummy firms, rather than being utilized for legitimate business purposes. The ED asserts that Amitabh Jhunjhunwala played a suspicious role in these financial irregularities and money laundering activities. This action has been initiated under the provisions of the Prevention of Money Laundering Act (PMLA).
For many years, Amitabh Jhunjhunwala has been recognized as a close advisor to Anil Ambani. He played a pivotal role in formulating the group's financial strategies. This arrest has created an atmosphere of apprehension among other senior executives within the Reliance Group.
Note: According to certain news sources, reports suggest that the ED has also arrested Amit Bapna in connection with this case; however, the primary focus of the investigation currently remains on Jhunjhunwala.
This development is being viewed as a major setback for the Anil Ambani Group. With the ED's investigation still underway, further significant developments in this case are anticipated.
