Archive · 24 Jul 2025
ED Raids Anil Ambani Group, Yes Bank in ₹3,000 Crore Loan Probe
Imagine a bank, Yes Bank, gave out a big loan, like ₹3,000 crore, to some companies owned by Anil Ambani.
The government's 'police' for money stuff, the Enforcement Directorate (ED), thinks something shady happened.
They're investigating because they think some money from the loan might have been moved around illegally.
The ED is checking if rules were broken when the loan was approved.
The ED is looking into why the bank gave the loan, maybe someone got a bribe.
They are searching places in Mumbai and Delhi connected to this loan.
ED conducted raids at 35 locations linked to Anil Ambani group and Yes Bank.
The raids are part of a money laundering investigation into a ₹3,000 crore loan fraud.
The investigation concerns alleged illegal loan diversion from Yes Bank between 2017 and 2019.
The ED is probing “gross violations” in Yes Bank loan approvals.
The case stems from CBI FIRs and reports from various financial bodies.
- Who
- The ED is investigating Anil Ambani's group and Yes Bank.
- What
- ED is investigating a ₹3,000 crore loan fraud.
- When
- The raids happened on Thursday.
- Where
- Raids occurred in Mumbai and Delhi.
- Why
- To investigate alleged illegal loan diversion and violations in loan approvals.
- Agency
- Enforcement Directorate (ED)
- Subject
- Loan Fraud Investigation
- Amount
- ₹3,000 crore
- Involved Parties
- Anil Ambani Group Companies, Yes Bank
- Locations Searched
- 35 premises in Mumbai and Delhi
- Legal Basis
- Prevention of Money Laundering Act (PMLA)