Top News

Anil ambani loan fraud case: Is Anil Ambani besieging the biggest financial inquiry? In the loan fraud case of 3000 crores, the ED has summoned them and the date of questioning has been fixed, 5 August. But it is not just a summons… perhaps the key to a secret that can highlight some of the biggest corporate tricks in the country.

The Enforcement Directorate i.e. ED raided more than 50 companies and bases to Anil Ambani in Mumbai and Delhi last week. More than 25 people were questioned long. And now Anil Ambani has been called directly.

Also read this: Anil Ambani Loan Fraud Case: ED screws on Anil Ambani, summons sent for inquiry, difficulties increased in loan fraud case of Rs 17,000 crore

This action has been taken under Section 17 of PMLA i.e. Prevention of Money Laundering Act. The investigating agency suspects that between 2017 and 2019, a loan of about Rs 3000 crore from Yes Bank was misused.

But the matter is getting deeper…

According to the ED report, these loans were given to many companies that were either present on papers, or many companies were made in the name of the same director and address. Money was not invested in real business, but diverted into fake units.

And the biggest question, were these loans passed by bribing the top officials of Yes Bank?

Also read this: Mohan Bhagwat is also inside the jail… In the Malegaon bomb blast case, a big disclosure of former ATS officer Mehboob Muzawar, said- Many cases were filed against me only after protesting

Investigations have also revealed that in some cases new loans were taken to repay the old loans. That is, the loan was “Evergreen”, so that the real deficit never comes out.

Case not limited to ED only (Anil Ambani Loan Fraud Case)

The CBI has already registered two FIRs – one with Reliance Home Finance Limited and the other with Reliance Commercial Finance Limited. Both were given loans to both of them and the name of former CEO Rana Kapoor of Yes Bank has also appeared in these cases.

Institutions like National Housing Bank, SEBI, NFRA and Bank of Baroda have also shared data in this investigation. That is, this investigation has now gone into multi-agency mode.

And its effect was also seen on the stock market (Anil Ambani Loan Fraud Case)

Anil Ambani’s two big companies, Reliance Infrastructure and Reliance Power, recorded a decline of up to 5%. Today, when the news of summons came, then there was a decline of 3% in these shares.

However, Reliance Power says that he has nothing to do with these investigations. Neither do they have any financial relations with RHFL, nor with RCom.

Also read this: Buying property in Haryana is expensive, government increased circle rate, know where the price increased, Gurugram has the biggest boom

But the story does not end here (Anil Ambani Loan Fraud Case)

A few days ago, SBI declared Reliance Communications and Anil Ambani himself as ‘fraud’. The bank alleges that RCom misused a loan of Rs 31,580 crore. Out of which about Rs 13,667 crore was transferred to other companies and Rs 12,692 crore was transferred to other companies of Reliance Group.

Now SBI is preparing to file a complaint in CBI. Also, the process of personal insolvency against Anil Ambani is also going on in NCLT.

So on August 5, Anil Ambani will answer in front of ED, in search of which dozens of locations have been raided so far?

Or is this inquiry beginning of another big investigation? The secret is yet to open.

Also read this: rummy game controversy: Maharashtra minister had to play ‘Rami Game’ expensive, CM Fadnavis got the video playing the game during the assembly session, CM Fadnavis got viral.