Ed Saman Anil Ambani on 5 August; The loan diversion fee is being investigated: What is the matter? , Bharat News
New Delhi: The Enforcement Directorate on Friday summoned industrialist Anil Ambani for an investigation on bribery in the case of loan fraud.Sources told news agency PTI that 66 -year -old Ambani has been asked to enter the ED headquarters in Delhi.The agency recorded its statement under the prevention of the Money Laundering Act (PMLA), once he deposited, he said.This is a few days after the Central Investigation Agency conducted a simultaneous raids regarding financial irregularities and collective debt “diversion”, which is more than Rs 10,000 crore by several group companies of Ambani.Sources in the ED had said that the investigation is mainly related to the allegations of illegal loan turn of Rs 3,000 crore to Ambani’s group companies between 2017-2019.Officials said that more than 35 places in Mumbai were discovered, in which 50 companies and 25 persons were covered under the Prevention of Money Laundering Act (PMLA). An ED unit in Delhi is leading the investigation.What is the matter?The agency was given to Ambani’s group companies between 2017 and 2019, yes, the bank is investigating an inappropriate turn of about Rs 3,000 crore. In response to the raid, Reliance Power and Reliance Infrastructure issued clarification letters to exchanges. According to officials, several agencies including National Housing Bank, SEBI, National Financial Reporting Authority (NFRA) and Bank of Baroda have shared relevant information with ED. Officials said that “ED has found the raga companies a gross violation in the Yes Bank loan approval,” with a backdate credit approval memorandum, lack of proper labor and violation of bank credit policies. Loans were reportedly given to several groups and shell companies. Identified red flags include weak financial, shared addresses and directors, poor documentation and loans to evergreen institutions. Officials also said, “SEBI has also been learned to share its findings with the ED in the RHFL case.”The campus, identified with industrialist Anil Ambani, has huge financial implications for public funds, Rs 20-30,000 crore, which the agency believes has been closed for years, outside the country through the country, outside the country through “unknown foreign bank accounts and foreign assets”. In addition to ADAG from SBI and other public sector banks, a large part of the money came to Reliance ADAG, in addition to a private unit and mutual funds.The preliminary inquiry has thrown a mysterious unit: ‘C Company’. Sources said that the institution, whose existence was not yet known, has allegedly found to be involved in the party transactions concerned in this entire scam.
