Archive · 24 Jul 2025

ED Raids 35 Premises in Reliance Anil Ambani Group Probe

ED Raids 35 Premises in Reliance Anil Ambani Group Probe

Imagine a company, RAAGA, is suspected of doing something wrong with money from a bank called Yes Bank.

The government agency, the ED, is checking to see if RAAGA moved money illegally, like hiding it or using it for something it shouldn't.

They are looking into a big loan from Yes Bank, and whether anyone at the bank was paid off to help get the loan approved.

The ED found issues like backdated paperwork and loans given out too quickly.

RAAGA says everything was done legally, but the ED is still investigating.

The ED is getting help from other agencies to figure out what happened.

Sources