Anil Ambani appears before ED in loan fraud case
THE JHARKHAND STORY DESK New Delhi, August 5: Reliance Group Chairman Anil Ambani appeared before the Enforcement Directorate (ED) in New…
THE JHARKHAND STORY DESK
New Delhi, August 5: Reliance Group Chairman Anil Ambani appeared before the Enforcement Directorate (ED) in New Delhi on Tuesday for questioning in connection with an alleged ₹17,000-crore loan fraud case.
He has been asked to present himself at the ED headquarters today, with his statement expected to be key to the investigation.
The case involves suspected financial irregularities and possible breaches of the Prevention of Money Laundering Act (PMLA), with the agency examining the role of several individuals and companies.
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Nearly a week earlier, on July 24, the ED conducted extensive raids at 35 locations connected to over 50 firms and 25 individuals associated with Reliance Anil Ambani Group (RAAGA).
These searches were part of an ongoing probe that began after the CBI registered an FIR against RAAGA companies.
In a related move, the ED issued a Look Out Circular (LOC) against Ambani on August 1 to prevent him from leaving the country during the inquiry. So far, the agency has not issued an official statement regarding the developments.
