New Delhi, Aug. 1 -- The Enforcement Directorate (ED) has issued a Look Out Circular (LOC) against industrialist Anil Ambani in connection with an ongoing investigation into an alleged Rs 17,000-crore loan fraud case, sources said.
LOC is issued to prevent a person from leaving the country while the probe is underway. The ED has not released an official statement on the matter yet.
ED's move comes after the agency summoned Anil Ambani for questioning in the case and directed him to appear before investigators at the ED headquarters in New Delhi on August 5.
The probe pertains to suspected financial irregularities and possible violations under the Prevention of Money Laundering Act (PMLA).
The agency is examining the role of various en...
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