ED raids Anil Ambani’s premises in major probe linked to Yes Bank loan case

Mumbai (The Uttam Hindu): The Enforcement Directorate (ED) has created a stir in the corporate world by taking major action against the country's well-known industrialist Anil Ambani and his company Reliance Power Limited early this morning. It is reported that around 15 special teams of ED suddenly raided 10 to 12 secret locations in Mumbai and Hyderabad early in the morning. This entire operation is being carried out at the homes and offices of big businessmen associated with Reliance Power. However, to avoid any kind of breach in the investigation, the agency has not yet disclosed the specific addresses where this intensive search operation is going on.

Shocking game of stock market amid raids

While the news of this massive raid has caused a major uproar, the stock market has also witnessed a strange investor sentiment. Despite such significant and negative news, shares of Reliance Power suddenly surged nearly 2 percent, reaching ₹23. Furthermore, shares of Reliance Infrastructure also jumped more than 4 percent, trading at ₹94.20. This market trend is surprising many financial experts.

Money laundering racket and seizure of 'Abode'

Sources have revealed that this entire operation is being carried out due to suspicions of suspicious fund transfers and large-scale money laundering at Reliance Power. It should be noted that this raid is not a sudden move. Just last month, in February 2026, the Enforcement Directorate (ED) took major action in an old and very serious case of the ₹40,000 crore Reliance Communications (R-Com) bank fraud. At that time, the investigating agency seized Anil Ambani's luxurious ₹3,500 crore "Abode" home located in Mumbai's posh Pali Hill area.

Yes Bank scam: A conspiracy to 'turn profits into losses' was hatched behind closed doors!

This entire story is deeply intertwined with the infamous Yes Bank scam. Last year, in December 2025, the ED questioned Yes Bank founder Rana Kapoor extensively in connection with a suspicious loan given to the Anil Ambani Group. According to investigating officers, a secret and illegal quid-pro-quo deal was struck between Rana Kapoor and Anil Ambani. While Rana Kapoor was at the helm of Yes Bank, the bank's exposure to the Reliance ADAG Group increased from ₹6,000 crore to over ₹13,000 crore in just one year (2017 to 2018).

The bank was defrauded of Rs 3,300 crore.

The allegations are extremely serious and shocking. It is being reported that these two tycoons held several private meetings to execute these illegal agreements, deliberately excluding other top Yes Bank officials. Yes Bank recklessly invested over ₹5,000 crore in the ADAG Group's Reliance Home Finance and Reliance Commercial Finance, which later collapsed. In return, the ADAG Group disbursed large loans to companies controlled by Rana Kapoor's family. In this entire dangerous game, Yes Bank suffered a direct and significant loss of approximately ₹3,300 crore, the brunt of which was borne by ordinary investors.