Archive · 24 Jul 2025
Reliance Power and Infra Deny Impact of ED Raids on Ambani
Imagine a company, Yes Bank, gave loans to other companies owned by Anil Ambani.
Now, investigators think some of that money might have been moved around in a way that wasn't allowed, possibly involving a "bribe-for-loan" scheme.
The government is looking into these suspicions, and they searched places linked to Anil Ambani.
Two of his companies, Reliance Power and Reliance Infrastructure, said this won't change how they do business, even though their stock prices dropped a bit because of the news.
ED raided properties linked to Anil Ambani on Thursday.
Reliance Power and Reliance Infrastructure stated the raids won't impact their business.
The raids are related to allegations of a ₹3,000-crore bank loan fraud involving ADAG companies and Yes Bank.
The ED is investigating possible illegal loan diversion between 2017 and 2019.
Reliance Infrastructure and Reliance Power shares fell 5% after reports surfaced.
- Who
- The ED, Anil Ambani, Yes Bank, and companies linked to the Anil Ambani Group (ADAG).
- What
- The Enforcement Directorate (ED) conducted raids on properties linked to Anil Ambani regarding a loan fraud investigation.
- When
- The raids occurred on Thursday, 24 July.
- Where
- Raids were conducted in Mumbai and Delhi.
- Why
- The investigation is related to suspected illegal loan diversion and a possible "bribe-for-loan" scheme involving Yes Bank and ADAG companies.
- Companies Mentioned
- Reliance Power, Reliance Infrastructure, Yes Bank, Reliance Communications Limited (RCOM), Reliance Home Finance Limited (RHFL)
- Financial Impact (Companies)
- Both Reliance Power and Reliance Infrastructure stated no financial impact.
- Alleged Fraud Amount
- ₹3,000 crore
- Regulatory Body
- Enforcement Directorate (ED)
- Investigation Focus
- Loan diversion between 2017-2019