Archive · 24 Jul 2025
Anil Ambani Group Faces ED Raids Over Yes Bank Loan Allegations
The Enforcement Directorate (ED) is investigating Anil Ambani's companies after raiding 35 locations due to alleged financial wrongdoing.
The investigation centers around loans from Yes Bank, totaling around Rs 3,000 crore, between 2017 and 2019.
The Reliance Group has released a statement, while also mentioning a pre-existing SEBI order that is now under review.
Meanwhile, State Bank of India (SBI) classified Reliance Communications (RCOM) as a fraudulent account, a classification which Anil Ambani is contesting.
ED raided 35 locations linked to Anil Ambani's companies regarding Yes Bank loan approvals.
The raids concern loans of approximately Rs 3,000 crore allegedly diverted from Yes Bank between 2017 and 2019.
Reliance Group issued a white paper addressing allegations of financial irregularities with Yes Bank and RHFL.
Reliance Group stated that the loans by RHFL were fully secured and repaid.
SBI classified Reliance Communications (RCOM) as a 'fraud' account, contested by Ambani.
- Who
- The investigation involves the Reliance Group, led by Anil Ambani, and Yes Bank.
- What
- The ED is investigating alleged financial irregularities, including the diversion of loans from Yes Bank.
- When
- The ED raids occurred on Thursday. The loans in question were from 2017-2019.
- Where
- Raids took place at 35 locations linked to Anil Ambani's companies.
- Why
- To probe allegations of gross violations in Yes Bank loan approvals and potential diversion of funds.
Reliance Group Position
ED and Banking Authorities Concerns
Loan Approval Process
Reliance Group Position
Loans by RHFL to Yes Bank promoters were sanctioned on merit and followed due process.
ED and Banking Authorities Concerns
Loans were allegedly approved with gross violations and funds were diverted.
Compliance with Laws
Reliance Group Position
All transactions between Reliance Group and Yes Bank were in compliance with laws and regulations.
ED and Banking Authorities Concerns
ED is investigating allegations of financial irregularities and potential bribery.
- Involved Parties
- Reliance Group, Yes Bank, ED, SBI
- Loan Amount Under Scrutiny
- Approximately Rs 3,000 crore
- Period of Loans
- 2017-2019
- Number of Locations Raided
- 35
- Status of RCOM
- Classified as 'fraud' by SBI, contested by Ambani
