Mumbai, Aug. 1 -- Anil Ambani has been summoned for questioning by the Enforcement Directorate (ED) to its headquarters in Delhi on Tuesday, August 5, in connection with an alleged loan fraud investigation, involving claims as high as Rs 17,000 crore, Securities and Exchange Board of India (SEBI) sources stated today.
The case pertains to alleged financial wrongdoing, including the misuse of more than Rs 10,000 crore in loans by different companies in the group. A major part of the probe under the Prevention of Money Laundering Act (PMLA), is focussed on a Rs 3,000-crore loan granted by Yes Bank to the Anil Ambani-led Reliance ADA Group between 2017 and 2019, which the ED believes may have been misused.
Last week, the Enforcement Director...