Archive · 24 Jul 2025
ED Raids Anil Ambani in Yes Bank Loan Fraud Probe
Imagine a bank gave a lot of money to some companies linked to Anil Ambani.
Investigators think some of that money may have been moved to other places it shouldn't have gone.
They also think some people at the bank might have been bribed.
The government is looking into this.
The bank says Anil Ambani's company, Reliance Communications, already owes them a lot of money and is in trouble.
The bank itself has said that Anil Ambani's company is a fraud.
Anil Ambani's other companies say these investigations don't affect them.
The whole thing is still being looked into.
ED conducted raids on premises linked to Anil Ambani and the Reliance Group.
The raids are connected to an alleged Rs 3,000-crore Yes Bank loan fraud.
Investigations suggest loans were diverted to shell companies and group entities.
Anil Ambani is not on the board of Reliance Power and Reliance Infrastructure.
SBI declared Anil Ambani and RCom as 'fraud', triggering further action.
- Who
- The Enforcement Directorate (ED) and SBI are investigating Anil Ambani, Reliance Group, and Yes Bank officials.
- What
- ED is investigating an alleged Rs 3,000-crore loan fraud.
- When
- Raids were conducted on Thursday, following SBI's declaration on June 13, 2025.
- Where
- Raids were conducted on over 35 premises linked to the Anil Ambani-led Reliance Group.
- Why
- To investigate alleged diversion of funds and potential bribery related to loans from Yes Bank.
Allegations of Wrongdoing
Company Statements
Impact on Companies
Allegations of Wrongdoing
ED is investigating potential fund diversion and bribery.
Company Statements
Anil Ambani's companies state the raids do not affect their operations and are unrelated.
- Involved Parties
- Anil Ambani, Reliance Group, Yes Bank
- Alleged Fraud Amount
- Rs 3,000 crore
- Bank in Question
- Yes Bank
- Legal Action
- ED raids under PMLA, SBI declares fraud
- Loan Period
- 2017-2019
- SBI Exposure to RCom
- Rs 2,227.64 crore (principal) + Rs 786.52 crore (guarantees)