Big Trouble for Anil Ambani: ED Summons in ₹17,000 Crore Scam, Heads to Delhi
New Delhi (The Uttam Hindu): The Enforcement Directorate (ED) will question famous industrialist Anil Ambani on Tuesday. This action is being taken as part of the investigation of the case related to alleged loan fraud and money laundering of 17,000 crores. 66-year-old Anil Ambani will appear at the ED headquarters in Delhi today, where the agency will record his statement under the Prevention of Money Laundering Act (PMLA). The businessman has left for Delhi.
Anil Ambani questioned by ED in Rs 17000 crore loan fraud case, businessman leaves for Delhi: ED has already issued a lookout circular (LOC) against Anil Ambani, due to which he cannot leave the country without the permission of the investigating officer. According to sources, ED had sent him a summons on August 1, after which his appearance has been fixed today. ED's action was not limited to this. The raid, which started on July 24, lasted for three days, in which more than 35 locations in Mumbai were searched. These locations belonged to 50 companies and 25 officials associated with the Anil Ambani Group. The investigating agency suspects that loans worth about Rs 3,000 crore received by Ambani's companies from Yes Bank between 2017 and 2019 were misused.
The ED's investigation is related to financial irregularities, suspicious investments and misuse of loans. It is alleged that the group loan of Rs 17,000 crore taken through several companies was used in improper or unauthorized activities.
ED is investigating the role of various companies and officials to find out who all are involved in this big scam and how the money was embezzled. This matter is not only related to the corporate world but also to financial institutions and law and order, so this news is being considered very serious and important at the national level.