Will you arrest Anil Ambani or let him escape? Or make him 3rd richest in the country, Prime Minister?

Anil Ambani’s loan has been reported as fraud for the second time by SBI:
It’s reported by BusinessLine as: State Bank of India has decided to report the loan account of Reliance Communications Ltd (RCOM) as “fraud” and to report the name of Anil D. Ambani (erstwhile director of the Company) to the RBI, as per the extant RBI guidelines.

In this regard, RCOM has received a letter from SBI (dated June 23, 2025, and received on June 30, 2025), the company informed the exchanges. Last year, Canara Bank too had classified RCOM’s account with it as fraud, but the decision was stayed by the Bombay High Court. The company’s total indebtedness stood at ₹40,413 crore at the end of March 2025. SBI marked the RCOM account as a non-performing asset on August 26, 2016. It noted that RCOM, RITL, and RTL cumulatively received ₹31,580 crore from banks.

Earlier he escaped by taking care of the Delhi High Court when the accounts of RCOM, R Infra, and R Telecom were declared as fraud in 2021. Again, Canara Bank also declared his loan as fraud, but now a court has saved him. “The Canara Bank on Thursday (July 10, 2025) informed the Bombay High Court that it has withdrawn its order classifying as ‘fraudulent’ the loan account of a firm linked to industrialist Anil Ambani.”

What is the Finance Ministry, Home Ministry, and PMO doing? Why do the laws of the land not apply to him? Will this be possible in any other country? For any other citizen, CBI would have jumped into action and he would have been arrested.

Background History
Once one of the world’s richest men, Anil Ambani’s one-time flourishing empire has crumbled under charges of frauds, fund diversions, forged guarantees, and defaults, in India and abroad. In May 2024, the Chief of the Solar Energy Corporation of India, or SECI, was dismissed for allegedly allowing Reliance Power to participate in solar project bids using forged bank documents. In November, the company was barred from participating in tenders for three years. However, after legal proceedings, SECI stood down and the Delhi High Court lifted the ban. Between 2018 and 2020, Price Waterhouse Coopers and Grant Thornton both flagged financial impropriety that prompted an inquiry by the Securities Exchange Board of India, or SEBI. In 2018 and ’19, PWC audits flagged ₹12,751 crore in suspected fraudulent loans and investments to group companies. The company dropped Reliance Capital in 2020, alleging obstruction of its work. At the same time, Grant Thornton found ₹12,000 crore was diverted via Reliance Housing Finance. The SEBI inquiry led to a ban and a ₹25 crore fine against Mr. Ambani and others.

Reliance Infrastructure
Reliance Infrastructure, or R Infra as it is sometimes called, faced an insolvency order from the National Company Law Tribunal. This was over a default of ₹88 crore related to a 2011 energy purchase agreement with Mumbai-based Dhursar Solar Power Pvt Ltd, or DSPPL.

R Infra contested the order. It argued that ₹92.68 crore, including principal and interest, had been paid and this made the insolvency plea not maintainable.

On appeal, the National Company Law Appellate Tribunal suspended the earlier order.

SEBI Ban
On the personal front, Anil Ambani was banned from entering the securities market for five years by SEBI after diverting funds from Reliance Home Finance Limited. The ban, which prohibits him from trading in securities and being associated with the market, is in effect till August 2029.

Bankruptcy in UK
In 2020, Anil Ambani declared personal bankruptcy in a British court. He said he lacked funds to pay even legal fees. This followed a lawsuit by the Industrial and Commercial Bank of China, the China Development Bank, and the Export-Import Bank of China over defaulted loans to R Com worth $925 million. Mr. Ambani allegedly provided a personal guarantee, and a London court ruled in favor of the banks, ordering him to pay over $716 million, including interest and costs. The banks are now pursuing recovery from Mr. Ambani’s global assets.

SBI’s ‘Fraud’ Charge Against R Com
The latest blow, SBI’s ‘fraud’ tag, follows on from a 2016 notification by the bank that identified fund diversion, irregular accounting, and book manipulation through related R Com entities. Canara Bank had acted before SBI, marking R Com a ‘fraudulent borrower’ in September 2024. According to SBI, R Com and its subsidiaries received ₹31,580 crore in bank loans.
SBI has said there were ‘deviations’ in how these loans were utilised, and that these ‘deviations’ involved a ‘complex web of fund movements across multiple group entities’.

“…sufficient reasons have not been provided by the respondent (i.e., R Com) to explain non-adherence to agreed terms and conditions of loan documents, or irregularities observed…” it said. Reports indicate 44 per cent of these loans were used to repay financial obligations, while another 41 per cent was used to pay connected parties. But sums of ₹6,265.85 crore and ₹5,501.56 crore were used to repay other bank loans and sent to parties not aligned with sanctioned purposes.

What Anil Ambani Said
A law firm representing Mr. Ambani responded to the State Bank’s charge. The law firm said Mr. Ambani had been ‘shocked’ to receive the ex-parte, i.e., an order passed without hearing both sides, of the Fraud Identification Committee. The bank, the firm said, had not responded to Mr. Ambani’s last letter and that their client was a non-executive director, and not a full-time director, during the period mentioned. He “was not responsible for R Com’s day-to-day operations” and was not given a chance to defend himself, the law firm said, demanding the State Bank withdraw its ‘fraud’ classification.

In all likelihood, some court will stay the report of SBI and nothing will happen to Anil Ambani. If one account of a borrower is declared as Non-Performing Asset, all accounts of the same person become NPA. Similarly, a fraud is always a fraud. But these principles were never applied to Anil Ambani. Reliance has reached the top among corporates by using all dubious methods.
Dhirubhai Ambani had stated that in this country everything has a price and he will pay that. The misdeeds of Reliance are available in Ambani & Sons by Hamish McDonald, The Feast of Vultures by Tony Joseph, and No Regrets by D.N. Ghosh, former Chairman of SBI. Articles by S. Gurumurthy (now Director, RBI) had exposed Reliance in Goenka’s Indian Express and on the complaint of Dhirubhai, he was arrested in 1987.

Detailed breakdown of Mukesh Ambani’s influence in Media:

• Network18 Group: Reliance Industries owns a majority stake in Network18 Media & Investments Limited, which operates various media businesses.
• News Channels: This includes News18 India, CNN-News18, and CNBC-TV18.
• Digital Platforms: Network18 also owns websites like Moneycontrol, Firstpost, and News18.com.
• Viacom18: Reliance has a significant stake in Viacom18, a major Indian media conglomerate with channels like MTV, Colors, and Nickelodeon.
• Reliance Entertainment: This company handles Reliance Industries’ media and entertainment business, encompassing movies, music, and other content.
• Other Investments: Reliance also has stakes in companies like Balaji Telefilms and BookMyShow.

Now you can understand how media works.

Anil Ambani and Mukesh Ambani divided the wealth and assets of Dhirubhai Ambani in 2005. But today, Mukesh Ambani is the richest, and the Prime Minister & other Ministers attended his son’s marriage. Anil Ambani was also there. There is no love lost between them. Every journalist and banker in Mumbai knows how Mukesh is helping Anil directly and indirectly.

Anil Ambani’s companies are:

• Reliance Infrastructure Ltd
• Reliance Communications
• Reliance Power
• Reliance Capital
• Reliance Media and Entertainment
• Reliance Mumbai Metro
• Reliance Roads
• Reliance Defence
• Reliance Defence and Engineering
• Reliance Technology Ltd.

There are many more unlisted companies too.

How NCLT and Courts save Anil Ambani?
I am giving below a glimpse of NCLT, NCLAT and Court orders to show how the neo-rich are protected in this country.
“In a major relief to Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) on June 04, 2025 suspended the National Company Law Tribunal’s (NCLT) order that had admitted the company into the Corporate Insolvency Resolution Process (CIRP).”

The successful revival plan is for an aggregate amount of Rs 3.51 crore, which will be paid to secured financial creditors of RBPL. Also, an upfront cash payment of Rs 4 crore will be infused into the company by the successful bidder, as per the resolution plan. RBPL has admitted liabilities of about Rs 1,000 crore.

With total claims surpassing ₹1,051 crore, the approved resolution plan offers a 99.9% haircut to Reliance Infrastructure. The Mumbai bench of the National Company Law Tribunal (NCLT) has approved entrepreneur Manoj Kumar Upadhyay and his affiliate ACME Cleantech Solutions’ application to acquire the formerly Anil Ambani-promoted Reliance Big (RBPL) through an insolvency resolution process.

Incorporated on December 8, 2006, RBPL is the owner of a wind energy generator at Tenkasi in Tamil Nadu, and a land parcel each in Thiruvallur and Tirunelveli districts in the state. RBPL supplies power to the Tamil Nadu Electricity Board.

RBPL is affiliated with Reliance Infrastructure and is also engaged in commodity trading.

The Madras High Court on March 11 2014, dismissed a petition seeking direction to the CBI to register a case against Anil Ambani and others in connection with an alleged “large-scale financial scam.” Dismissing the petition, Justice R. S. Ramanathan of the Madurai bench of the Madras High Court said the complaint filed by A. Kesavan, an advocate and an investor in Reliance Natural Resource Ltd.

Anil Ambani has served a legal notice on Google and Advocate Pranav Sachdeva, a junior colleague of Prashant Bhushan, through a law firm. This is in response to a blog post on Ambani entitled “Black money of Anil Ambani (Prashant Bhushan’s Complaint SIT),” allegedly posted by Sachdeva on Google’s blogging platform. It is learned that no legal notice was served on Mr. Bhushan, who claims to have.

Anil Ambani’s Reliance Group companies have filed a ₹5,000 crore defamation suit against Congress-owned National Herald, claiming an article published in the newspaper regarding the Rafale fighter jet deal was “libellous and derogatory.” They also filed a second, similar suit against Gujarat Congress leader Shaktisinh Gohil seeking ₹5,000 crore in damages for defamation.

Former BJP ministers Yashwant Sinha and Arun Shourie, and advocate Prashant Bhushan have moved the CBI with a complaint against Prime Minister Narendra Modi, Defence Minister Mohan Parrikar, Dassault Aviation, its CEO Eric Trappier, and Chairman of Reliance ADAG Anil Ambani in the dubious ₹60,000-crore Rafale fighter jet deal. In a complaint to the CBI, they have sought registration of an FIR.

The Supreme Court bench of Chief Justice Ranjan Gogoi, Justice U. U. Lalit, and Justice K. M. Joseph required the Centre to apprise it of the details as to the pricing and cost of the 36 Rafale fighter jets sought to be procured from Dassault under an inter-governmental agreement with France, the advantages thereof, if any, in a sealed cover in the next ten days.

The Supreme Court bench of Justices R. F. Nariman and Vineet Saran today reserved orders on the contempt petitions filed by Ericsson against the Chairman of Reliance Communications Ltd (R Com) Anil Ambani and other officials. Ambani was present in court on 13th February along with Reliance Telecom Ltd Chairman Satish Seth and Reliance Infratel Ltd Chairperson Chhaya Virani.

The Supreme Court has summarily dismissed two court masters, Manav Sharma and Tapan Kumar Chakraborty, for tampering with the January 7 order directing personal appearance of Reliance Communications’ Chairman Anil Ambani, reports The Telegraph. It is reliably learnt the CJI Ranjan Gogoi passed the order yesterday late evening, exercising his disciplinary powers as the administrative head.

The Supreme Court bench of Justices R. F. Nariman and Vineet Saran has held Anil Ambani, Chairman of Reliance Communications, guilty of contempt of court for defaulting payments to Ericsson as per the undertaking given to the Court. The three Reliance companies, R Com, Reliance Telecom, and Reliance Infratel, are also held guilty of contempt, and a fine of ₹1 crore each has been imposed.

The Bombay High Court recently refused ad-interim relief sought by Anil Ambani, Chairman of Reliance Anil Dhirubhai Ambani Group, in a commercial suit filed by Reliance Project Ventures and Management Pvt Ltd, and made some sharp observations against the plaintiff. Justice K. R. Shriram observed that the stand taken by the plaintiff “smacks of deceit” and that there was an attempt on part of —-Adani.

In a major setback to Anil Ambani, the National Company Law Appellate Tribunal (NCLAT) refused to direct the State Bank of India to release the amount of ₹260 crores of income tax refund held by it in trust on behalf of all creditors of Reliance Communications (R Com), to enable the telecom company to pay ₹450 crores to Ericsson India Private Ltd as per the direction of the NCLT.

With Reliance Communications paying ₹462 crores to Ericsson before the deadline fixed by the Supreme Court, its Chairman Anil Ambani has avoided imprisonment, reports The Economic Times. As per the ET report, Ericsson’s lawyer confirmed receipt of the payment. On February 20, the Supreme Court had held Ambani and three Reliance companies guilty of contempt of court. (Now they have filed a suit asking to return the money.)

In the scheme of the Insolvency and Bankruptcy Code, the claims of operational creditors rank lower than the claims of secured financial creditors. But in the recent Reliance-Ericsson dispute, the unsecured operational creditor managed to upstage the financial creditors. Ericsson India Pvt Ltd, an operational creditor of Reliance Communications, has managed to claim nearly 50% of its dues.

A Delhi court sent two sacked Supreme Court staffers to seven days in police custody for allegedly posting wrong information on the apex court’s website related to a case involving Reliance Communications Chairman Anil Ambani. Metropolitan Magistrate Sumeet Anand allowed the Delhi Police to interrogate Tapan Kumar Chakraborty and Manav Sharma, who were arrested on Sunday.

The National Company Law Tribunal bench of Ahmedabad has ordered initiation of insolvency proceedings against ‘RMOL Engineering and Offshore Ltd’ (till recently known as ‘Reliance Marine Engineering and Offshore Ltd’), belonging to Anil Dhirubhai Ambani Group (ADAG). This was done by admitting the insolvency application filed by Industrial Financial Corporation of India Ltd (IFCI).

The Supreme Court sought the Centre’s response on whether telecom spectrum can be sold/auctioned in the insolvency proceedings faced by the telecom companies. The Court posed this query while examining the bona fides of bankruptcy claims of Reliance Communications, Aircel and Videocon. A bench of Justices Arun Mishra, S. Abdul Nazeer & M. R. Shah also directed the Solicitor General.

The National Company Law Tribunal, Mumbai bench, has allowed an application filed by State Bank of India to initiate insolvency proceedings against Reliance Communications Chairman Anil Ambani with respect to a personal guarantee to the extent of ₹1,200 crore. The NCLT ordered the appointment of a resolution professional and asked SBI to take the necessary follow-up action.

In a plea moved by Anil Ambani challenging the appointment of a resolution professional for a personal guarantee given by him for loans taken by Reliance Communications Ltd (R Com) and Reliance Infratel Ltd (RITL) from the State Bank of India, the Delhi High Court has issued notice and stayed the proceedings initiated against him under Part III of the Insolvency & Bankruptcy Code.

The Supreme Court has declined to vacate a stay, earlier granted by the Delhi High Court, towards the ongoing IBC proceedings against Reliance Group Chairman Anil Ambani. A bench of Justices L. Nageswara Rao, Hemant Gupta & S. Ravindra Bhat asked the petitioner bank (State Bank of India) to complete proceedings before the High Court and seek modification.

The Delhi High Court has issued notice in an application moved by Anil Ambani seeking the impleadment of Chinese banks in his pending petition challenging the appointment of a Resolution Professional for a personal guarantee given by him for loans taken by Reliance Communications Ltd (R Com) and Reliance Infratel Ltd (RITL) from the State Bank of India.

On a plea by Anil Ambani’s Reliance Communications Ltd (R Com) and Reliance Telecom Ltd (RTL) against the declaration of their accounts in the Union Bank of India (UBI) and the Indian Overseas Bank (IOB) as “fraudulent”, the Delhi High Court has ordered the banks to maintain status quo until the next date of hearing.

About a week after Union Bank of India and Indian Overseas Bank, State Bank of India and the Reserve Bank of India have been directed by the Delhi High Court to maintain status quo on the classification of Anil Ambani’s Reliance Communications Ltd’s and Reliance Telecom Ltd’s accounts as ‘fraudulent’ until Jan 13, 2021.

The Supreme Court heard the arguments of Senior Advocate Harish Salve on behalf of Reliance Communications head Anil Ambani on a plea challenging the Central Government notification extending provisions of the insolvency law to personal guarantors. “You cannot specify the subject matter as regards which the section comes into force, you can only specify the section,” Salve.

The Securities and Exchange Board of India has imposed a penalty of Rupees 25 Crores on prominent members of the Reliance family, Mukesh Ambani, Anil Ambani, Nita Ambani, Tina Ambani, and a few other individuals. The penalty has been imposed for violations of the provisions of Regulation 11(1) of the Takeover Regulations over irregularities relating to the issue of 12 crore equity shares.

The Securities and Exchange Board of India on Friday (February 11) barred Reliance Home Finance Ltd, industrialist Anil Ambani, and three other individuals from dealing with the securities market directly or indirectly for allegedly siphoning off funds from the company. The market regulator passed the interim order based on an investigation into the loans which were disbursed by RHFL.

The Bombay High Court on 26th September 2022 stopped the Income Tax Department from taking any action against Anil Ambani until November 17 in a case over alleged evasion of tax on funds parked abroad.

Reliance Commercial and its twin, Reliance Home Finance, are undergoing resolution outside NCLT in a process that was initiated before parent Reliance Capital was admitted into insolvency. Reliance Commercial had owed creditors ₹9,017 crore. Authum has offered ₹2,207 crore, a 75% haircut for secured creditors. It is largely funded by internal cash reserves accumulated in the debtor and also some cash payment by Authum.

Reliance Jio subsidiary Reliance Project and Property Management Services (RPPMS) gets 100% stake in Reliance Infratel for ₹3,720 Crores.

Reliance Capital lenders have approached the National Company Law Appellate Tribunal over the second round of auctions. The Mumbai bench of the National Company Law Tribunal (NCLT) on Monday directed to continue a status quo in an auction process of Reliance Capital until further order.

Anil Ambani’s group company had a debt of Rs 46,000 crore, with 53 financial creditors, including local and foreign banks, NBFCs and funds, laying claims. The NCLT’s Mumbai Bench on December 19 approved a resolution plan for RCIL, a wholly owned subsidiary of Reliance Communications Limited (R Com).

• Total claims made by debtors: Rs 4,96,68,01,09,556 (Rs 49,668 crore).
• Total claims admitted by NCLT: Rs 4,72,51,34,03,502 (Rs 47,251 crore).

NCLT has approved a plan by which the Anil Ambani Group has to pay just 0.92% of their debts, only Rs 455.92 crore of the Rs 49,668 crore claimed. The remaining Rs 49,212.08 crore will not be paid back by Anil Ambani & Co.

Anil Dhirubhai Ambani Ventures (ADAVPL), a company owned by Anil Ambani, has approached the National Company Law Tribunal (NCLT) in Mumbai, requesting the court to direct Hinduja-owned IndusInd International Holdings (IIHL) to cease using the ‘Reliance’ brand name as soon as the resolution plan for bankrupt Reliance Capital (R Cap), a financial services firm, is implemented. The NCLT heard the matter on 20th August 2024. When approving IIHL’s resolution plan in February in 2024, the NCLT permitted the Hinduja company to use the ‘Reliance’ brand for three years from the date of approval for the purpose of implementing the resolution plan. IIHL recently paid the entire Rs 9,641 crore to the lenders to acquire R Cap, which had been sent for debt resolution in December 2021 after defaulting on loans worth Rs 25,000 crore. IIHL won the auction to acquire R Cap, and lenders approved IIHL’s bid in June 2023.

The National Company Law Tribunal (NCLT) has removed insolvency resolution professional (RP) Jitender Kothari from the insolvency proceedings initiated against Reliance Communications Ltd., following a complaint by Anil Ambani. The tribunal observed that the RP had indulged in a “roving inquiry” by seeking documents unrelated to the core issue, namely, the determination of debt and default in connection with Ambani’s personal guarantee for a corporate loan.
With immediate effect, the NCLT discontinued Kothari’s services and appointed Prashant Jain as the new RP in the case.

Reliance Communications Infrastructure Ltd (RCIL): The NCLT Mumbai approved a resolution plan for RCIL, a subsidiary of R Com, submitted by Reliance Projects & Property Management Services Ltd (a Reliance Industries Ltd. subsidiary). The plan was valued at Rs 455.9 crores, a fraction of the total admitted claim of Rs 47,251 crores. Secured financial creditors received Rs 455 crores against an admitted claim of Rs 41,365 crores, and other creditors received significantly smaller amounts.

R Com’s claim for refund from Ericsson: R Com’s resolution professional has filed a plea seeking a refund of Rs 550 crore from Ericsson, claiming the payment to Ericsson in 2019 amounted to preferential treatment, as Ericsson is an operational creditor who received full payment before secured financial creditors. The NCLT Mumbai bench is currently hearing this matter.

UVARCL as Resolution Applicant: The NCLT allowed the substitution of UV Asset Reconstruction Company Limited (UVARCL) with its affiliate, UV Stressed Asset Management Private Limited (UVSAMPL), as the resolution applicant for R Com. This was due to changes in RBI guidelines for ARCs.

Reliance Big (RBPL) resolution: The NCLT Mumbai approved the acquisition of Reliance Big, a company affiliated with Reliance Infrastructure, through an insolvency resolution process by Manoj Kumar Upadhyay and ACME Cleantech Solutions. The plan for RBPL, which owned a wind energy generator and land parcels, involved paying Rs 3.51 crore to secured financial creditors and injecting Rs 4 crore as upfront cash into the company.

Tax claim dismissal: The National Company Law Appellate Tribunal (NCLAT) dismissed a petition filed by the tax department claiming dues from R Com. The tribunal observed that the claim was based on an assessment made after the initiation of the insolvency resolution process against R Com.

Courts, National Company Law Tribunals, NCLAT, SEBI, CBI, Income Tax authorities save a person from alleged frauds, misuse of bank funds (depositor’s money), and even tax. SBI had to pay tax even when it made loss. Anil Ambani could hire the costliest lawyers to declare him as insolvent.

Approximate loss for banks is more than one lakh crore due to haircuts and write-offs. But Anil Ambani has assets worth Rs 3,16,000 crore as per his company profile. Smaller fries like Vijay Mallya, Mehul Choksi, Nirav Modi, Jatin Mehta, Agarwal (AVG) and others were sent abroad safely as some of them openly claim. But some people have PROTECTORS.

Who is the protector of Anil Ambani? You can guess.

Latest Profile of Anil Ambani (from Reliance ADA website):

• Born: 4th June, 1959, in Mumbai

• Education: B.Sc. in Science from K.C. College, Mumbai University; MBA from Wharton, University of Pennsylvania

• Family:

  • Mother: Kokilaben Dhirubhai Ambani

  • Wife: Tina Munim (former actress)

  • Sons: Jai Anmol (25 years), Jai Anshul (21 years)

  • Siblings: Elder brother Mukesh Ambani, sisters Dipti Salgaocar and Nina Kothari

Corporate:

Anil Dhirubhai Ambani is one of India’s leading business leaders and founder of the Reliance Group, whose constituent business enterprises are engaged in pivotal roles in the ongoing economic transformation of India. He is the Chairman of the Reliance Group, including Reliance Communications, Reliance Capital, Reliance Infrastructure, Reliance Power, Reliance Defence and Engineering Limited, Reliance Defence Limited, and Reliance Defence Technologies Private Limited.

Anil or ADA, as he is often referred to by his colleagues, founded the Reliance Group in 2006. In less than 10 years, the group built leadership positions in key growth sectors, telecommunications, power generation and distribution, road and rail infrastructure, cement, financial services, education, healthcare, media, and entertainment.

Key Indicators of Reliance Group:

• One of India’s top business houses

• ~8 million shareholders/investors

• Assets: Rs 3,16,000 crore (US$ 47 billion)

• Annual Revenues: Rs 62,400 crore (US$ 9.3 billion)

• Net Worth: Rs 1,02,000 crore (US$ 15.3 billion)

• Employees: ~1,00,000

New Businesses:

• Joint venture with Dassault Aviation for aerospace manufacturing at DAAP

• Agreements with US Navy, DRDO, Thales, Rafael, Strata Manufacturing, Antanov, and more

• Partnerships in insurance and finance with Nippon Life, Sumitomo Mitsui Trust Bank

• Urban infrastructure collaboration with Veolia Transport (Mumbai Metro One Pvt. Ltd.)

• Hollywood ventures with Steven Spielberg and DreamWorks Studios (movies like Lincoln, Bridge of Spies)

Other Personal Details:

• Member of Boards/Advisory Councils at Wharton, NYU, Warwick Business School

• Co-founder of Indian School of Business (ISB)

• Appointed by PM to CEO Forums with China, US, France, Canada, Russia

• Served in Rajya Sabha (2004–2010)

Integrated Capability Model of ADA Group:

Reliance Defence represents a major component of Reliance Infrastructure’s operations, contributing to India’s strategic defence goals under “Make in India” and “Atmanirbhar Bharat”. It has broad capabilities in aerospace, electronic warfare, and weapons manufacturing, working with global partners like Dassault, DRDO, BEL, and Thales. It spans everything from 155mm ammunition and Rafale parts, to explosives, radars, and precision weaponry, with a 1,000-acre defence campus in development.

• Roads and Highways: 2,468 km under management; lakhs of vehicles served daily, crores in daily toll collection.
• Reliance Power: Orders worth Rs 10,000 crore for solar and battery storage.

Banks do not declare someone or an account fraud without thorough checks, audits, and legal opinions. But here, we are seeing that banks are taken to ransom. They have lost heavily, but the companies of Anil Ambani get international contracts, power purchase agreements, collaboration with DRDO, and produce arms and ammunition.

One day we may not be surprised if he owns a private army.
If one person can be above law, bend laws, and continue to get support through contracts, defence deals, land, and above all, people’s money from banks, what do you think of a country which safeguards him?

Will the Prime Minister arrest him, allow him to escape, or reward him with more contracts, loans, and tax exemptions so that he becomes the third richest in the country?

(All details compiled from News Reports, Annual Reports and websites owned by the group)

Thomas Franco is the former General Secretary of the All India Bank Officers’ Confederation and a Steering Committee Member at the Global Labour University.

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