Brief by Shorts91 Newsdesk / 02:42pm on 01 Aug 2025,Friday India
Anil Ambani, head of Reliance Group, cannot leave India without court permission. The Enforcement Directorate (ED) issued a lookout notice against him in a ₹3,000 crore loan fraud case. The ED says loans from Yes Bank were wrongly given to Ambani-linked firms between 2017 and 2019. These loans were then diverted. Officials suspect bribery between Yes Bank staff and the companies. The ED also found fake approval documents and loans given without proper checks. After raiding his offices in Mumbai, Ambani has been called for questioning on August 5. The investigation is still ongoing. (PC: India Today)
