Archive · 24 Jul 2025
ED Raids Anil Ambani's Reliance Group in Yes Bank Loan Fraud Probe
Imagine a bank, Yes Bank, gave a big loan of 3,000 crore rupees to some companies connected to Anil Ambani.
Now, investigators think something fishy happened.
They believe the money wasn't used correctly and might have been moved around illegally.
The government's financial investigators, the ED, are looking into this.
They are checking if the bank officials were bribed.
It seems like the loans were given without following all the rules, and the money might have gone to the wrong places.
The ED is currently investigating to find out what really happened.
ED conducted raids on multiple premises linked to Anil Ambani's Reliance Group regarding a Rs 3,000 crore Yes Bank loan fraud.
The investigation is related to money laundering and illegal diversion of public funds.
The ED is probing potential bribery of bank officials, including Yes Bank's Promoter.
Preliminary investigations revealed loan diversions and violations of loan terms.
Authorities are investigating links between Yes Bank officials, group companies, and financial irregularities.
- Who
- The Enforcement Directorate (ED) is investigating RAAGA Companies linked to Anil Ambani's Reliance Group.
- What
- ED is investigating a Rs 3,000 crore Yes Bank loan fraud involving Anil Ambani's Reliance Group.
- When
- Raids were conducted on Thursday, July 24.
- Where
- Multiple premises linked to Anil Ambani's Reliance Group.
- Why
- To investigate money laundering, loan diversion, and potential bribery related to the Yes Bank loan.
Allegations
Investigation
Loan Diversion
Allegations
The ED is investigating illegal loan diversion.
Investigation
The investigation is ongoing, and no charges have been proven.
Bribery
Allegations
Allegations of bribery of bank officials.
Investigation
No confirmed details, subject to investigation.
- Entity
- Reliance Group (RAAGA Companies)
- Alleged Fraud Amount
- Rs 3,000 crore
- Bank Involved
- Yes Bank
- Investigation Agency
- Enforcement Directorate (ED)
- Related to
- Money laundering, bribery and loan diversion
- Period
- 2017 to 2019