Archive · 24 Jul 2025
ED Raids Anil Ambani Group & Yes Bank in ₹3,000 Crore Fraud
Imagine some banks gave loans to companies owned by Anil Ambani, but it looks like the money wasn't used properly.
The government is investigating to see if this money was hidden or used for something illegal, like money laundering.
Investigators are checking if the loans were approved unfairly and if people took bribes.
They are looking at how around ₹3,000 crore from Yes Bank might have been misused.
They have raided many places to find evidence of these problems.
ED conducted raids at 35 locations linked to Anil Ambani Group and Yes Bank.
The investigation involves alleged money laundering and a ₹3,000 crore loan fraud.
The raids targeted 50 companies and approximately 25 individuals.
ED is probing illegal loan diversion from Yes Bank between 2017 and 2019.
The investigation stems from CBI FIRs and reports from multiple regulatory bodies.
- Who
- The Enforcement Directorate is investigating the Anil Ambani Group and Yes Bank.
- What
- The Enforcement Directorate is investigating a ₹3,000 crore loan fraud case involving Anil Ambani Group and Yes Bank.
- When
- The Enforcement Directorate conducted raids on Thursday.
- Where
- Raids were conducted at 35 locations in Mumbai and Delhi.
- Why
- To investigate allegations of money laundering and illegal loan diversion.
Accusations
Defense
Lending Practices
Accusations
Yes Bank approved loans to Reliance Group with gross violations of their lending practices.
Defense
The Reliance Group's view will be announced later.
- Entity Involved
- Anil Ambani Group, Yes Bank
- Total Locations Raided
- 35
- Money Laundering Allegation
- Yes
- Loan Amount Under Probe
- ₹3,000 crore
- Years of Investigation
- 2017-2019
- Number of Companies Involved
- 50
