The difficulties of Reliance Group Chairman and Managing Director Anil Ambani have increased in the alleged loan fraud and money laundering case related to Rs 3000 crore. The Enforcement Directorate (ED) has issued a lookout circular against him today (Friday). Now he cannot go out of India without the permission of the court.
This action by the ED has come out after the continuous raids, fraud allegations and summons issued by a central agency.
ED’s initial investigation has revealed that Anil Ambani Companies associated with it misused government money under a scheme and cheated banks. It is alleged that between 2017 and 2019, a loan of about Rs 3000 crore from Yes Bank was wrongly sent to another place.
Also read: Anil Ambani also raided in fake bank guarantee case after ED summons, raids in Odisha-Bengal
Officials say that just before the loan was received, money was sent to companies associated with the promoters of Yes Bank. This raised suspicion that there is some connivance between the officers and the loans taking companies. That is, there may have been a transaction of bribe or favorite.
The ED is now investigating the relationship between Anil Ambani’s companies and the promoters of Yes Bank. Investigations have revealed that the rules were not followed properly at the time of giving loan. Many documents were made in the old date, investments were made without complete investigation and the bank’s own loan policy was also violated.
—- End —-
Source link
[ad_3]
