New Delhi: The Enforcement Directorate (ED) has summoned Reliance Group Chairman Anil Ambani for questioning on August 5 in connection with an alleged ₹3,000-crore bank loan fraud case linked to a money laundering investigation.
The development comes days after the agency conducted searches on July 24 at the premises of more than 50 companies and over 25 individuals allegedly involved in the case.
Senior officials said the money laundering probe is based on information received from regulatory bodies including the National Housing Bank, SEBI, National Financial Reporting Authority (NFRA), and Bank of Baroda, along with FIRs earlier registered by the Central Bureau of Investigation (CBI).
According to the ED, investigations have revealed a systematic scheme involving the alleged misuse of public funds and cheating of banks, shareholders, investors, and other financial institutions.
