Archive · 24 Jul 2025
ED Raids Anil Ambani Linked Premises in Bank Loan Fraud Probe
The government is looking into whether Anil Ambani's companies cheated banks out of money.
Investigators are checking if about 3,000 crore rupees loaned from Yes Bank were handled properly.
The ED believes money may have been moved to people linked to the bank just before the loans were approved, suggesting a potential bribe.
More than 35 locations linked to Ambani's group were raided as part of this investigation.
This is connected to earlier reports that raised red flags about loans and how they were given out.
Also, SBI had previously flagged issues with the loans, which led to the current probe.
Enforcement Directorate (ED) conducted raids at multiple locations linked to Anil Ambani and his group.
The raids are part of a money laundering investigation concerning alleged bank loan fraud.
The investigation is related to approximately Rs 3,000 crore in loans from Yes Bank to RAAGA companies.
Authorities are probing potential irregularities and violations in Yes Bank loan approvals.
Shares of Reliance Power and Reliance Infrastructure each dropped 5% following the reports.
- Who
- Enforcement Directorate (ED) is investigating Anil Ambani and related parties; also involving Yes Bank.
- What
- ED is investigating alleged bank loan fraud involving Anil Ambani's group and Yes Bank, conducting raids.
- When
- Raids occurred on Thursday and investigations span from 2017-2019.
- Where
- Raids took place in Mumbai and Delhi, at over 35 locations.
- Why
- To investigate potential money laundering and financial irregularities related to bank loans.
Accusations
Defense/Response
Financial Irregularities
Accusations
The ED claims that there was a "well-planned scheme" to divert public money and cheat banks. Yes Bank may have acted in a manner that was not compliant with standard practices.
Defense/Response
N/A
- Investigation Agency
- Enforcement Directorate (ED)
- Entities Involved
- Reliance Anil Ambani Group (RAAGA) companies, Yes Bank
- Loan Amount Under Investigation
- Approximately Rs 3,000 crore
- Locations of Raids
- Mumbai and Delhi
- Number of Premises Raided
- Over 35
- Share Price Impact
- Reliance Power and Reliance Infrastructure shares fell 5% each
