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ED Summon Anil Ambani: Enforcement Directorate i.e. ED has summoned Reliance Group Chairman Anil Ambani for a bank loan fraud case of Rs 17,000 crore.
ED Summon Anil Ambani: Reliance Group owner Anil Ambani has been summoned by ED. He has been issued summons in a bank loan fraud case of Rs 17 thousand crore. The ED has called him for questioning at the headquarters in Delhi on 5 August. In this case, about 40 to 50 locations associated with Reliance Group were raided from Delhi to Mumbai under the Prevention of Money Laundering Act (PMLA) last week. Many documents, financial transactions, digital records and other evidence were found during these raids.
Investigating agency claims
Let us tell you that before this, SEBI had allegedly submitted its investigation report to ED and two other central investigative agencies regarding fund diversion of Rs 10,000 crore. In such a situation, it was alleged that the loan amount was diverted to other companies and it has not been used for the right work, which comes under the purview of money laundering. The investigating agency has claimed that many companies of Reliance Group from Yes Bank took large loans without any adequate guarantee and spent those money in other works through shell companies. However, in this case, two FIRs have already been registered by the CBI.
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.
Reliance made a statement
Following this allegations related to the bank, Reliance Power and Reliance Infrastructure said that they have no commercial or financial relations with Reliance Communications or RHFL. Along with this, he said that Anil Ambani is not included in the board of these companies. However, despite this, SBI has declared Anil Ambani and RCom as fraud.
Red at 50 places
The Central Investigation Agency had killed Red at 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.
Also read: Anil Ambani Group fell on ED, raids in 50 places; 3000 crore fraud
