ED tightened the screws on Anil Ambani, a lookout notice issued in the loan fraud case

ED tightened the screws on Anil Ambani, a lookout notice issued in the loan fraud case

The Enforcement Directorate (ED) has called him for questioning on August 5 in the money laundering case related to the alleged bank loan fraud of crores of rupees lodged against the group companies of Reliance Group Chairman Anil Ambani. Official sources gave this information on Friday.

Sources said that the federal investigative agency has also issued a lookout circular (LoC) against him to prevent Anil Ambani from traveling abroad. He said that due to the case being registered in Delhi, Ambani (66) has been called to ED headquarters in Delhi.

Anil Ambani’s statement will be recorded

According to sources, the agency will record his statement under the Prevention of Money Laundering Act when Ambani’s introduction. Some officials of his group companies have also been asked to appear in the next few days. Last week, the federal agency raided 35 campuses of 50 companies and 25 people, including Anil’s business group officials. The raid, which started on 24 July, continued for three days.

The action was taken by several group companies of Anil Ambani, including Reliance Infrastructure (R. Infra), to use alleged financial irregularities and collective loans of more than Rs 17,000 crore in some other work.

Based on a SEBI report, the agency found that R Infra transferred the funds as ‘Inter-Corporate Deposit’ (ICD) in Reliance Group companies through a company called CLE. It is alleged that R Infra did not reveal CLE as his “concerned party” to avoid the approval of shareholders and audit panels.

What did Reliance Group spokesperson say?

A spokesperson of the Reliance Group said in a statement that an amount of Rs 10,000 crore is alleged to have allegedly transferred to an unknown side. The spokesperson said that the company had stated in its financial statements that its dues are only around Rs 6,500 crore. The statement said that the Reliance Infrastructure (R Infra) had publicly disclosed the matter on 9 February, 2025, about six months ago.

The spokesperson said, “Through compulsory arbitration proceedings organized by a retired judge of the Supreme Court and filed in the Bombay High Court, Reliance Infra signed an agreement to recover its entire arrears of Rs 6,500 crore.” The company said that Anil Ambani has not been in the board of R Infra for more than three years (March 2022).

Between the ED 2017-2019, Ambani’s group companies are also investigating the allegations of using the “illegal” loan of about Rs 3,000 crore from Yes Bank in other works. According to sources, the Enforcement Directorate (ED) has found that just before the loan was given, Yes Bank promoters had “received” funds in their establishments. The agency “bribe” and is investigating this alliance.

Sources said that the Enforcement Directorate is also investigating the allegations of “gross violation” in the approval related to these companies on the allowance of loan by Yes Bank. This includes allegations like the loan approval memorandum of the previous date and the proposed investment without any appropriate investigation/loan analysis, violating the bank’s loan policy.

Also read: UP Deputy Chief Minister Keshav Prasad Maurya relief, alleged fake degree case filed by Supreme Court

(Tagstotranslate) Anil Ambani (T) ED (T) Money Laundering (T) Anil Ambani (T) ED (T) Money Laundering

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