ED Raids Anil Ambani–Linked Premises in Mumbai, Probes ₹3,000 Crore Yes Bank Loan Fraud

by Kajal Luthra |
ED Raids Anil Ambani–Linked Premises in Mumbai, Probes ₹3,000 Crore Yes Bank Loan Fraud
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Mumbai (The Uttam Hindu): ED has raided the companies of famous businessman Anil Ambani. According to the information, this raid is being conducted in Mumbai. Let us tell you that State Bank of India had recently declared Anil Ambani a fraud. This action was taken on the basis of two FIRs of National Housing Bank, SEBI, National Financial Reporting Authority (NFRA), Bank of Baroda and CBI. Searches are also being conducted at the premises of many senior officials of companies associated with Anil Ambani.


ED raids companies linked to businessman Anil Ambani, action is going on in Mumbai: According to the information, during the investigation, ED has found evidence that this was a well-planned conspiracy to embezzle public money. Many institutions, banks, shareholders and investors were defrauded in this. Yes Bank promoters are also under suspicion in this. There is suspicion of illegal manipulation and misuse of loans worth about Rs 3,000 crore taken from Yes Bank between 2017 and 2019.


Let us tell you that recently SBI had declared Anil Ambani a fraud. Earlier this month, the loan account of Anil Ambani's company Reliance Communication got a big blow from SBI. SBI had sent show cause notices to the company in December 2023, March 2024 and September 2024. After reviewing the company's reply, the bank had said that Anil Ambani's company did not comply with the terms of its loan and did not give complete information about the irregularities in the operation of its accounts.

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