Anil Ambani

Photo Credit: Forbes

Yes Bank: Anil Ambani appears before ED in Mumbai

Reliance Group Chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said.

The agency is expected to record the statement of Ambani under the Prevention of Money Laundering Act. The 60-year-old businessman arrived at the ED office in Ballard Estate around 9:30 am.

Ambani’s nine group companies are stated to have taken loans of about Rs 12,800 crore from the crisis-ridden bank, that reportedly were under “stress”.

Source: moneycontrol