Ed summons of anil ambani: Anil Ambani, Chairman and CEO of Reliance Group, was summoned by the Directorate of recovery on August 5 for questioning. Business tycoon has ED summons in connection with the ongoing investigation of the alleged £17,000 cases of fraud with Crore loans from his company.
Anil Ambani was asked to appear at ED headquarters on Tuesday 5th August. The invoking comes a week after the federal agency made air raids at more than 35 locations in the Mumbai associated with Ambani Anil.
The premises where ED performed searches last week belongs to 50 companies and 25 people, including a number of executives of the Anil Ambani group.
During the three -day search ED search in the premises related to it, an alleged case of fraud with Ambani loan has appeared.
Ed summons of anil ambani: What is it?
Directorate for enforcement Last week said its investigation against Anil ambani is associated with charges of illegal diversion of the loan around the surroundings £Between 2017 and 2019, 3,000 crore sanctioned by the YES bank of his company.
Reliance Power and Reliance Infrastructure, two companies owned by Anil Ambani, reported the stock exchanges last Thursday, reporting that the event had “absolutely no impact” on their business operations, financial performance, shareholders, employees or other parties.
According to the sources of the quoted PTI ED, it found that just before granting the loan yes, banks’ promoters “received money in their fears. The Central Investigation Agency examines this connection “bribe” and loans.
Bank loan “fraud” more than £1,050 Crore between RCOM and Canara Bank is also under ED scanner. ED also investigates unpublished “foreign bank accounts and assets related to the Reliance Group, which owns Ambani, PTI reported.
It is also reported that the Reliance Fund has invested £The agency is suspected of 2,850 crore in Bonds AT-1 and “Quid Pro Qo”.
The next level 1 (AT-1) is permanent bonds issued by banks to increase their capital base and are more risky than traditional bonds with higher interest rates. Allegedly diverting the credit fund fund approximately £Under the agency scanner is also 10,000 crore including Reliance infrastructure.
(Tagstotranslate) Anil Ambani
