See every side of every news story
Published loading...Updated

Anil Ambani Appears Before ED in Alleged Fund Diversion Case

KONKAN DIVISION, MAHARASHTRA, AUG 5 – The Enforcement Directorate investigates alleged diversion of Rs 17,000 crore in loans by Anil Ambani's group, with questioning lasting up to 10 hours amid claims of bribery and backdated approvals.

  • Anil Ambani was questioned by the Enforcement Directorate for about 10 hours in a money laundering case linked to over Rs 17,000 crore in alleged bank loan frauds against his group companies.
  • The Enforcement Directorate is investigating allegations related to loan diversions and irregularities involving Yes Bank loans granted between 2017 and 2019.
  • Ambani denied wrongdoing and stated that financial decisions were made by his senior executives, indicating he was not fully aware of all transactions related to the case.
  • The investigation highlights significant challenges in corporate governance and bank loan recoveries within India, especially with large-scale loan defaults involving prominent corporate entities.
Insights by Ground AI
Does this summary seem wrong?

15 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 67% of the sources lean Right
67% Right

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

India Today broke the news in India on Tuesday, August 5, 2025.
Sources are mostly out of (0)

Similar News Topics