Anil Ambani Summoned In Connection With Yes Bank Case

March 16, 2020 14:38
Anil Ambani Summoned In Connection With Yes Bank Case

(Image source from: Ndtv.com)

Anil Ambani Summoned In Connection With Yes Bank Case:- The Enforcement Directorate today summoned Anil Ambani in connection with the Yes Bank case in a money-laundering probe against Rana Kapoor and others. Anil Ambani's group companies are among the big entities which borrowed loans from the crisis-hit bank. A huge amount of Rs 12,800 crores has been taken as loan by Anil Ambani and his companies as per the records. Anil Ambani has been asked to attend for investigation before the Enforcement Directorate today.

ED is looking into all the borrowers of Yes Bank. During a recent press conference, Union Finance Minister Nirmala Sitharaman clarified that Anil Ambani's group along with DHFL, Essel, ILFS and Vodafone are the stressed corporated who borrowed big amounts from Yes Bank. Under the Prevention of Money Laundering Act (PMLA), Anil Ambani's statement will be recorded. Yes Bank founder Rana Kapoor is in the custody of the Enforcement Directorate after he was arrested. Yes Bank landed into troubles after it lent crores of loans but failed to recover them.

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Tagged Under :
Anil Ambani  Yes Bank