Archive · 24 Jul 2025
ED Raids Anil Ambani Group and Yes Bank in ₹3,000 Crore Loan Fraud
Imagine some companies took a big loan from a bank, but something went wrong.
The government is now looking into it.
They think the companies might have misused the money, and the bank may have not followed the rules when giving the loans.
Investigators searched many places connected to the companies and the bank to find out what happened.
They are checking if any money was taken illegally, like it was diverted somewhere it shouldn't have gone.
The investigation involves a lot of money and several different companies and people, so it's a serious matter.
ED conducted raids on 35 locations linked to Anil Ambani's group and Yes Bank.
The raids are part of a money laundering investigation.
The investigation is linked to a ₹3,000 crore loan fraud.
The alleged fraud involves Anil Ambani group companies and Yes Bank.
The ED is probing illegal loan diversion from Yes Bank between 2017 and 2019.
- Who
- The investigation involves Anil Ambani group companies and Yes Bank.
- What
- ED is investigating a ₹3,000 crore loan fraud.
- When
- The raids happened on July 24, 2025.
- Where
- Raids were conducted in Mumbai and Delhi.
- Why
- To investigate alleged illegal loan diversion and 'gross violations' in loan approvals.
- Agency
- Enforcement Directorate (ED)
- Subject
- Loan Fraud Investigation
- Amount
- ₹3,000 crore
- Entities Involved
- Anil Ambani Group, Yes Bank
- Locations Raided
- Mumbai and Delhi
- Number of Premises Searched
- 35+
- Legal Basis
- PMLA
- Timeline
- 2017-2019 (Loan Diversion)