Archive · 24 Jul 2025
ED Raids 35 Premises in Reliance Anil Ambani Money Laundering Probe
Imagine a company, RAAGA, is being investigated because they might have moved money in a sneaky way.
The government's ED is checking 35 places connected to them.
They think RAAGA took a big loan from a bank, Yes Bank, and didn't use the money properly.
They also suspect the bank employees were given money.
RAAGA says everything was done correctly, but the investigators have found some issues.
Several government agencies are helping with the investigation.
RAAGA's dealings are part of a SEBI order which is being challenged.
The Enforcement Directorate (ED) conducted raids on 35 premises linked to the Reliance Anil Ambani Group (RAAGA).
The raids are part of a money laundering probe related to financial irregularities.
Investigations include the alleged diversion of a ₹3,000 crore loan from Yes Bank.
The ED is also looking into claims of bribes offered to bank staff to secure the loan.
RAAGA sources state all transactions were compliant with regulations, while the allegations are part of a SEBI order.
- Who
- The Enforcement Directorate is investigating the Reliance Anil Ambani Group (RAAGA).
- What
- The ED is investigating the Reliance Anil Ambani Group (RAAGA) for alleged money laundering and financial irregularities.
- When
- The Enforcement Directorate conducted raids on Thursday, July 24, 2025.
- Where
- Raids were conducted across 35 premises.
- Why
- To investigate potential money laundering and financial irregularities.
Allegations Against RAAGA
RAAGA's Stance
Loan Diversion
Allegations Against RAAGA
RAAGA is accused of diverting loans.
RAAGA's Stance
RAAGA denies the accusations, stating transactions were compliant.
Bribes
Allegations Against RAAGA
Bribes were offered to bank employees.
RAAGA's Stance
No comment on this.
Fraud Designation
Allegations Against RAAGA
SBI classified RAAGA as 'fraud'.
RAAGA's Stance
RAAGA claims this matter is sub-judice and pending in court.
- Entities Involved
- Reliance Anil Ambani Group (RAAGA), Yes Bank, ED, SEBI, SBI
- Number of Premises Raided
- 35
- Alleged Loan Amount
- ₹3,000 crore
- Main Allegation
- Money laundering, financial irregularities, bribes
- Loan Period
- 2017-2019
- Date of Publication
- July 24, 2025