Yes Bank; ED summons Anil Ambani charging of money laundering against bank promoter

New Delhi, March 16: In a very recent update to the Yes Bank case, the Reliance Group Chairman Anil Ambani has been summoned by the ED on Monday in connection with the money laundering probe against promoter Rana Kapoor and others.

 

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

 

 

Ambani's group companies are stated to have taken loans of about Rs 12,800 crore from the bank that turned NPA. Finance Minister Nirmala Sitharaman had said in a March 6 press conference that the Anil Ambani Group, Essel, ILFS, DHFL and Vodafone were among the stressed corporates Yes Bank had exposure to.

 

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 investigation forward. "Ambani's statement will be recorded under the Prevention of Money Laundering Act (PMLA) upon deposition", ED said.

 

Kapoor, 62, is at present in ED custody after he was arrested by the central probe agency early this month. The ED has accused Rana, his family members and others of laundering "proceeds of crime" worth Rs 4,300 crore by receiving alleged kickbacks in lieu of extending big loans through their bank that later turned NPA.