Archive · 24 Jul 2025
ED Raids Anil Ambani-Linked Cos in Loan Fraud Case
The government's financial investigators are looking into a possible case of loan fraud.
They suspect that money was taken from Yes Bank in a way that wasn't allowed.
They are checking if Anil Ambani's companies were involved, along with Yes Bank.
The investigators have searched many places, looking for evidence.
They believe around 3,000 crore rupees might have been misused.
They're trying to find out if there were any secret deals or payments related to these loans.
They are also checking if proper procedures were followed when the loans were approved.
The Enforcement Directorate (ED) conducted raids related to a Rs 3,000 crore loan fraud investigation.
Raids targeted over 35 premises in Mumbai and Delhi, involving 50 companies and 25 individuals.
The investigation concerns alleged illegal loan diversion from Yes Bank between 2017 and 2019.
The ED is probing potential 'bribe' and loan connections.
The money laundering case is based on CBI FIRs and reports from multiple financial authorities.
- Who
- The Enforcement Directorate is investigating Anil Ambani group companies and Yes Bank.
- What
- ED is investigating a Rs 3,000 crore loan fraud case.
- When
- The raids were conducted on Thursday. The alleged fraud took place between 2017 and 2019.
- Where
- Raids were conducted in Mumbai and Delhi.
- Why
- To investigate alleged illegal loan diversion and potential money laundering.
Allegations
Not Applicable
Lending Practices
Allegations
Violation of lending practices, including back-dated credit approval memorandums.
Not Applicable
Not Applicable
- Investigation Agency
- Enforcement Directorate (ED)
- Case Type
- Money Laundering
- Alleged Fraud Amount
- Rs 3,000 crore
- Entities Involved
- Anil Ambani group companies, Yes Bank
- Locations Searched
- Mumbai, Delhi
- Number of Premises Searched
- 35+