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- ED Questions Anil Ambani’s Son Jai Anmol Ambani In Yes Bank Loan Fraud Money Laundering Probe
New Delhi22 minutes ago
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The Enforcement Directorate (ED) on Friday interrogated industrialist Anil Ambani’s son Jai Anmol Ambani in Delhi. This inquiry has been done in the money laundering case related to bank loan fraud.
According to PTI, ED has recorded the statement of 34-year-old Jai Anmol under the Prevention of Money Laundering Act (PMLA). The interrogation process is likely to continue on Saturday also.
Inquiry in case related to money laundering
This investigation of ED is related to a case related to Yes Bank. According to officials, as of March 31, 2017, Yes Bank had given a loan of about ₹6,000 crore to Anil Ambani’s Reliance ADAG Group. In one year, by March 31, 2018, this amount doubled to ₹ 13,000 crore.
ED suspects that there was fraud in giving this loan and money laundering was also done. ED has already examined the documents and financial records in the case.
ED and CBI have raided many places linked to Anil Ambani in the Yes Bank fraud case.
CBI has also registered a case of fraud
Earlier, CBI had registered a case of fraud against Jai Anmol, elder son of Reliance Group Chairman Anil Ambani. It is alleged that companies associated with Reliance Home Finance and Reliance Commercial Finance committed a fraud of Rs 228.06 crore with Union Bank of India.
According to CBI officials, Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL) had taken separate loans from Union Bank.
These loans were taken in the name of general purpose corporate loans, but their use was diverted elsewhere against the rules. For the first time, Jai Anmol has become a direct accused in a major criminal case.
ED has attached more than 40 properties of Anil Ambani including 132 acres of land and Pali Hill house in Navi Mumbai.
Anil Ambani Group’s properties worth ₹10,117 crore attached
The Enforcement Directorate (ED) has seized assets worth Rs 10,117 crore of companies linked to Ambani. In the last action, 18 assets including Reliance Center in Ballard Estate, Mumbai, fixed deposits (FD), bank balances and unlisted investments have been temporarily attached.
Along with this, 7 properties of Reliance Infrastructure, 2 of Reliance Power and 9 of Reliance Value Services have also been frozen. The ED has also attached FDs and investments of other group companies, including Reliance Venture Asset Management Pvt Ltd and Fi Management Solutions Pvt Ltd.
Earlier, in cases related to bank loan fraud, ED has attached assets worth more than Rs 8,997 crore of Reliance Communications, Reliance Commercial Finance and Reliance Home Finance.
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