MUMBAI: The Enforcement Directorate (ED) has summoned Reliance Group chairman Anil Ambani for recording his statement in connection with a Rs 12,500-crore loan given by Yes Bank to the Anil Dhirubhai Ambani Group (ADAG) companies, which went bad. The ED found that during the same period, ADAG had given Rs 1,100 crore as loans to firms owned by Rana Kapoor’s family members and suspects it was a quid pro quo arrangment.
Ambani failed to appear before ED officials on Monday due to “prior commitments”. The ED given him a second date—Thursday—to appear at their Ballard Estate office.
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ED summons Anil Ambani over Rs 12,500 crore loan in Yes Bank probe
Byindianadmin
Mar 17, 2020