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Yes Bank case: Anil Ambani appears before ED in Mumbai

Yes Bank case: Anil Ambani appears before ED in Mumbai

Thursday, March 19, 2020, 2:42 PM

Reliance Group Chairman Anil Ambani appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against YES Bank promoter Rana Kapoor and others. During his interrogation, the agency will record the statement of the 60-year-old businessman under the Prevention of Money Laundering Act (PMLA). As per allegations, Ambani's group companies took loans worth Rs 12,800 crore from the cash-strapped bank.
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