Archive · 24 Jul 2025
ED Raids Anil Ambani in ₹3,000 Crore Yes Bank Loan Probe
Imagine a bank, Yes Bank, gave loans to companies owned by Anil Ambani.
The government suspects that some of the money wasn't used properly and might have been moved around illegally.
So, investigators are checking company records and talking to people involved.
They're looking into whether the loans were given unfairly, like if the bank got something in return.
The government has found a lot of problems, including loans to companies with poor finances, and money being sent to other businesses very quickly after getting the loan.
The investigation involves several agencies and many properties associated with Ambani.
It's a big financial puzzle, and the authorities are trying to find out where the money went and if any laws were broken.
The Enforcement Directorate (ED) conducted raids on premises linked to industrialist Anil Ambani and associated companies.
The raids are part of a money laundering investigation related to an alleged ₹3,000-crore loan diversion from Yes Bank.
The ED is probing alleged illegal loan diversion between 2017 and 2019 involving Reliance Anil Ambani Group (RAAGA) companies.
Over 35 premises across Mumbai and Delhi, encompassing around 50 companies and 25 individuals, were searched under the Prevention of Money Laundering Act (PMLA).
The State Bank of India (SBI) has classified Reliance Communications Limited (RCOM) and Anil Ambani as 'fraud' and is filing a complaint with the CBI.
- Who
- The ED is investigating Anil Ambani and RAAGA companies in connection to an alleged Yes Bank loan fraud.
- What
- The Enforcement Directorate (ED) is investigating alleged money laundering and loan diversion involving Anil Ambani and RAAGA companies.
- When
- Searches were conducted on Thursday, July 24. The alleged loan diversion occurred between 2017 and 2019.
- Where
- Searches were conducted at over 35 premises in Mumbai and Delhi.
- Why
- To investigate alleged money laundering and illegal loan diversion of approximately Rs 3,000 crore from Yes Bank.
- Investigation Agency
- Enforcement Directorate (ED)
- Alleged Crime
- Money Laundering and Loan Diversion
- Loan Amount
- ₹3,000 crore
- Involved Companies
- Reliance Anil Ambani Group (RAAGA) companies
- Bank Involved
- Yes Bank
- Number of Premises Searched
- 35+
- Location of Searches
- Mumbai and Delhi
- SBI Classification
- Reliance Communications Limited (RCOM) and Anil Ambani classified as 'fraud'
Sources
ED searches premises of Anil Ambani in connection with money laundering investigation
Reliance Power, Reliance Infrastructure shares hit 5% lower circuit after ED raids properties of Anil Ambani