India, Aug. 1 -- The Enforcement Directorate (ED) has issued summons to businessman Anil Ambani in connection with its money laundering probe into alleged loan fraud worth several thousand crores, people familiar with the matter said on Friday.
An official said Ambani has been asked to appear before the agency on August 5 and is likely to be asked about loans to two companies, Reliance Home Finance Limited (RHFL), Reliance Commercial Finance Ltd (RCFL), and the suspected diversion of the funds.
The financial crimes probe agency raided 50 companies and 25 people, including senior executives of Reliance Anil Dhirubhai Ambani Group companies, last week. Two of the loans under probe were given by Yes Bank to RHFL and RCFL.
In both cases, t...
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