Archive · 24 Jul 2025
ED Raids Linked to Anil Ambani Over Alleged ₹3,000 Cr Loan Fraud
The Enforcement Directorate (ED) is investigating an alleged ₹3,000 crore loan fraud involving Yes Bank and companies linked to Anil Ambani.
The ED raided over 35 locations due to suspicions of money laundering.
Investigators suspect the loans were given improperly with backdated approvals and possibly used shell companies.
Reliance Group, however, says the loans were given based on merit and were paid back fully, and that all transactions followed the rules.
ED conducted raids on over 35 properties linked to Yes Bank and Anil Ambani.
The raids are part of a money laundering probe concerning an alleged ₹3,000 crore loan diversion.
Investigations suggest a scheme involving bribery, backdated approvals, and shell companies.
Reliance Group stated loans were sanctioned on merit and fully repaid with interest.
Reliance Group maintains all transactions with Yes Bank were compliant with regulations.
- Who
- The ED is investigating Yes Bank and companies linked to Anil Ambani.
- What
- ED is investigating an alleged ₹3,000 crore loan diversion.
- When
- The raids occurred recently; loan transactions happened between 2017 and 2019.
- Where
- Over 35 properties were raided, linked to Yes Bank and Anil Ambani.
- Why
- To investigate potential money laundering and loan fraud allegations.
Allegations of Fraud
Reliance Group's Stance
Loan Sanctioning
Allegations of Fraud
ED flagged serious issues and irregularities in Yes Bank’s loan approvals.
Reliance Group's Stance
Reliance Group stated the loans were sanctioned on merit and fully compliant.
- Investigation Agency
- Enforcement Directorate (ED)
- Alleged Fraud Amount
- ₹3,000 crore
- Entities Involved
- Yes Bank, Reliance Group
- Number of Properties Raided
- Over 35
- Loans' Status
- Reliance Group says fully repaid, ED investigating irregularities.
