Anil Ambani tells SC he was only non-exec director of Anil Ambani Group companies, reaffirms pledge to stay in India

In a recent filing before the Supreme Court, Anil Ambani clarified his role as a non-executive director in companies associated with the Anil Ambani Group. This statement was part of an affidavit submitted in response to a public interest litigation (PIL) filed by EAS Sarma, which alleges a significant bank fraud amounting to ₹1.5 lakh crore involving Ambani's businesses. Ambani's compliance affidavit aims to address the court's concerns regarding his position and responsibilities within the group amid ongoing scrutiny and allegations of financial misconduct. He also reaffirmed his commitment to remaining in India, emphasizing his intention to face the legal challenges head-on. This case adds to the growing scrutiny of high-profile corporate figures in India, particularly concerning governance and accountability in the wake of financial controversies. As the legal proceedings unfold, the implications for both Ambani and his business interests could be substantial, with potential repercussions for the broader economic landscape in India.