The Enforcement Directorate (ED) has summoned Reliance Group chairman Anil Ambani in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and several others.
Ambani was asked to depose at ED’s 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.
However, Ambani extended a compliance report saying he is unwell and requested an exemption from appearing in the ED office.
A new date will be henceforth, announced by the ED today for Anil’s appearance.
Ambani is likely to be questioned by ED on the loans granted by Yes Bank.
Reliance Anil Dhirubhai Ambani Group (ADAG) group is one of the biggest borrowers of Yes Bank with exposure of over 12,000 crore, all of which has become a non-performing asset.
Ambani’s statement will be recorded under the Prevention of Money Laundering Act (PMLA) upon deposition.
Previously, Finance Minister Nirmala Sitharaman had said that Anil Ambani Group, Essel, ILFS, DHFL and Vodafone were among the stressed corporates that borrowed money from Yes Bank.
The Chief of Yes Bank, Rana Kapoor, is presently in ED custody after he was arrested earlier this month.
The ED has accused Rana Kapoor, 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.