An official statement from Ambani’s office affirmed his compliance: he will appear before the agency and extend complete cooperation. This comes amid a series of inquiries into the group’s companies, highlighting systemic issues in telecom and housing finance sectors.

Just last week, CBI grilled Jai Anmol Ambani, son of the tycoon, over a Rs 228 crore default at Reliance Home Finance (RHFL). The case, filed following Union Bank’s complaint, accuses RHFL promoters, ex-CEO Ravindra Sudhalkar, and others of fraud, conspiracy, and misconduct that cost the lender dearly.

The RHFL FIR, dated December 6, also ropes in unknown government officials, pointing to possible collusion. Meanwhile, ED’s attachment of Rs 581 crore-plus assets from RHFL and RCFL signals parallel money laundering investigations.

These back-to-back summons paint a picture of intense regulatory pressure on the Anil Dhirubhai Ambani Group. As banks recover from non-performing assets, such cases serve as a stark reminder of the risks in aggressive lending to corporate behemoths. Stakeholders await Ambani’s testimony, which may unlock critical details on RCom’s collapse and broader accountability.