ED Summons Anil Ambani In Probe Against Yes Bank Co-founder Rana Kapoor; Ambani Seeks Time

     

Enforcement Directorate on Monday summoned Reliance Group Chairman Anil Ambani in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others. Replying to this, Anil Ambani has filed an adjournment application and has sought more time to appear before the ED, officials said.

he officials said Ambani has been asked to depose at the Enforcement Directorate office in Mumbai on Monday as his group companies are among the big entities whose loans allegedly went bad after borrowing from the crisis-hit bank. It is understood that Ambani has sought exemption on health grounds from the agency and he may be issued a new date. 

Finance Minister Nirmala Sitharaman had said in a March 6 press conference that the Anil Ambani Group was among the stressed corporates Yes Bank had exposure to. 

Officials said promoters of all the big companies who had taken large loans from the beleaguered bank which later turned bad, are being summoned for questioning in the case to take the investigation forward. Ambani’s statement will be recorded under the Prevention of Money Laundering Act (PMLA) upon deposition, they said. 

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