Archive · 24 Jul 2025

ED Raids Anil Ambani in Yes Bank Loan Fraud Probe

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.

Sources