The Enforcement Directorate (ED) has launched a major crackdown on business entities linked to Anil Ambani, conducting searches at over 40 locations in Mumbai. The investigation centres on an alleged total fraud of ₹17,000 crore, involving accusations of money laundering and siphoning public money. One case involves a loan fraud of over ₹3,000 crore between 2017 and 2019, where bribes were allegedly paid to Yes Bank promoters to sanction loans without proper documentation. Another case under the scanner is an alleged loan fraud of ₹14,000 crore by Reliance Communication Limited. The ED’s probe, which extends to 50 business entities and key executives, suggests a “well-planned and thought-after scheme to divert or siphon off public money by cheating banks, shareholders, investors, and other public institutions.” Top executives are being searched, and there is a high possibility that Anil Ambani will be summoned for questioning.
#anilambani #edraids #enforcementdirectorate #itwebvideos #indiatoday #loanfraud #moneylaundering #yesbank #corporatefraud #indiatoday #breakingnews #mumbainews #financialscam #reliance #bankfraud #investigation #businessnews
Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you’ll never miss a new video.
All you need to do is PRESS THE BELL ICON next to the Subscribe button!
India Today TV is India’s leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more.
Stay tuned for latest updates and in-depth analysis of news from India and around the world!
WhatsApp Channel: https://whatsapp.com/channel/0029Va2AnW3JENxxg7OuJv00
Download App: https://indiatoday.link/wHaj
Follow us: Official website: https://www.indiatoday.in/
Twitter: https://twitter.com/IndiaToday
Facebook: https://www.facebook.com/IndiaToday
