Archive · 25 Jul 2025
ED Raids Anil Ambani Group in Rs3,000 Crore Loan Fraud Probe
The Enforcement Directorate is investigating Anil Ambani's companies over claims of a 3,000-crore rupee bank loan fraud.
Investigators searched multiple locations in Mumbai linked to the Reliance Group.
The ED suspects money from Yes Bank loans was diverted.
The investigation involves allegations of improper loan approvals by Yes Bank, including backdated documents and a lack of due diligence.
While this is happening, Reliance Power and Reliance Infrastructure state they are not affected by the investigation.
The probe aims to uncover potential financial misconduct and irregularities.
Enforcement Directorate (ED) conducted raids linked to an alleged Rs3,000 crore bank loan fraud.
Searches were carried out at over 35 premises in Mumbai, targeting 50 companies and 25 individuals.
The investigation concerns alleged illegal loan diversion from Yes Bank to Anil Ambani's group companies.
Two group companies, Reliance Power and Reliance Infrastructure, reported no impact on operations.
The ED is probing possible irregularities in Yes Bank loan approvals.
- Who
- Enforcement Directorate (ED) and Anil Ambani Group.
- What
- ED conducted raids as part of a money laundering investigation related to a bank loan fraud.
- When
- Thursday
- Where
- Mumbai
- Why
- To investigate allegations of illegal loan diversion and irregularities in loan approvals.
- Investigation Type
- Money Laundering
- Alleged Fraud Amount
- Rs3,000 crore
- Entities Searched
- 50 companies and 25 persons
- Location of Searches
- Mumbai
- Involved Bank
- Yes Bank