Brief by Shorts91 Newsdesk / 06:29am on 24 Jul 2025,Thursday India
The Enforcement Directorate (ED) searched offices linked to Anil Ambani’s group companies in Mumbai on July 24. The raids are part of a money laundering probe involving a ₹3,000 crore loan from Yes Bank. While Ambani’s home was not searched, ED teams visited several company offices. The case involves possible misuse of public money and fake loan dealings. SBI recently declared Reliance Communications and Anil Ambani as ‘fraud’. Inputs from SEBI, CBI, and other agencies helped the ED. The company is already under insolvency proceedings, and SBI has also filed a personal insolvency case against Ambani in Mumbai’s NCLT. (PC: India Today)
