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Loan Fraud: ED Summons Anil Ambani

New Delhi: The Enforcement Directorate (ED) has summoned Reliance ADAG chairman Anil Ambani in a loan fraud case. He has been asked to appear on August 5 at the ED headquarters in Delhi for questioning.

Recently, ED conducted raids on several of Ambani’s companies. These raids, which spanned 35 locations over three days starting July 24, are linked to a ₹3,000 crore loan fraud.

The allegations pertain to loans received from Yes Bank between 2017 and 2019. Ambani is accused of paying bribes to Yes Bank officials to secure these loans.

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