ET Exclusive: ED to question bank officials over Rs 17,000 cr loan fraud linked to Anil Ambani-led Reliance Group

  • Posted on August 4, 2025
  • By Business News Today
  • 4 Views
ET Exclusive: ED to question bank officials over Rs 17,000 cr loan fraud linked to Anil Ambani-led Reliance Group

The Enforcement Directorate will summon bank officials who sanctioned ₹17,000 crore in loans to Anil Ambanis Reliance Group as part of a money laundering probe. ED seeks details on credit assessments and actions taken after defaults. The agency recently arrested a director linked to fake bank guarantees issued for Reliance, alleging misuse of funds and forged documents in the case.
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