ED makes 1st arrest in ₹3,000-crore loan fraud case involving Anil Ambani: Report

Medhaa Gupta, Published on Aug 2nd, 2025

ED makes 1st arrest in ₹3,000-crore loan fraud case involving Anil Ambani: Report

ED has taken Biswal Tradelink (BTPL) MD Partha Sarathi Biswal into custody in connection with the ongoing money laundering investigation into Anil Ambani-led companies, India Today reported. This is the first arrest made by ED in the alleged ₹3,000-crore loan fraud case. The ED found that BTPL reportedly got ₹5.4 crore from Reliance Power to facilitate the fake bank guarantee.

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