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ED on Anil Ambani Group: The Enforcement Directorate i.e. ED is running a search operation at 48-50 location of Anil Ambani associated with Reliance Industry. This action is being done since the CBI has registered 2 FIRs.
ED on Anil Ambani Group: ED has fallen over Anil Ambani associated with Reliance Industry. Big news has come out about money laundering against Anil Ambani Group companies Raaga Companies and investigation has been started. In this episode, ED search operation is being done at 48-50 location related to Ambani. This decision is being taken after registering 2 FIRs from the CBI. Let us tell you that this has been revealed in the investigation that these companies have misused money by taking loans from banks. He used these money in other companies and cheated the common people, investors and government institutions. Not only this, many big institutions have also shared the information in this investigation with the ED. This includes big names like National Housing Bank (NHB), SEBI, National Financial Reporting Authority (NFRA) and Bank of Baroda.
Ed revealed
Significantly, the ED has made many surprising revelations in the initial investigation. ED said that between 2017 and 2019, a loan of 3000 was taken from Yes Bank and it was rotated in other companies. Apart from this, there has also been talk of bribing the officers and promoters of YES Bank to pass the loan.
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These big companies gave information
In this case, big companies like SEBI, National Housing Bank, NFRA and Bank of Baroda have shared important information to ED. SEBI has shared information about a big case related to RHFL in which the company increased the corporate loan from 3742 crores to 8670 crore in a single year.
Red at 50 places
The Central Investigation Agency has hit raid in 50 places in view of this entire case. There were many big revelations in this investigation, which are still being investigated. Investigations have also revealed that big investment has been made without credit analysis.
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