US EditionAnil 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 appeared before the Enforcement Directorate for questioning regarding alleged money laundering linked to Rs 17,000 crore in bank fraud charges against his companies.
- The Enforcement Directorate conducted searches at 35 locations involving 50 companies and their executives before summoning Ambani for questioning.
- Ambani denies wrongdoing, asserting that the claims of fund diversion amounting to $10,000 crore are outdated and stating that the actual exposure is Rs 6,500 crore.
- The investigation involves a fake bank guarantee case, and the ED is exploring fraud allegations related to Reliance Communications and associated loans.
15 Articles
15 Articles
Anil Ambani Seeks 7 Days to Submit Required Documents Before ED in Rs 17,000-crore Loan Fraud Case
Get latest articles and stories on India at LatestLY. The request comes amid nine hours of questioning with Anil Ambani by the investigators at the Enforcement Directorate headquarters in the case pertaining to the suspected financial irregularities and possible violations under the Prevention of Money Laundering Act (PMLA). India News | Anil Ambani Seeks 7 Days to Submit Required Documents Before ED in Rs 17,000-crore Loan Fraud Case.
ED questions Anil Ambani for 10 hrs in bank loan 'fraud' case; may be called again
New Delhi: The Enforcement Directorate (ED) on Tuesday questioned Reliance Group Chairman Anil Ambani for around 10 hours in a money laundering case linked to alleged multiple bank loan fraud cases worth crores of rupees against his group companies. The businessman reached the office of the central probe agency in central Delhi in an EV vehicle around 10:50 am and made an exit shortly before 9 pm. The statement of the 66-year-old businessman has…
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