Ambani Grilled for 10 Hours in Rs 17,000 Crore Bank Fraud Probe
The Enforcement Directorate (ED) on Tuesday questioned Anil Ambani for ten grueling hours in connection with a massive Rs 17,000 crore bank loan fraud case. The questioning followed a series of CBI FIRs and intelligence gathered from multiple financial institutions.
The investigation centers on allegations of illegal fund diversion, with a particular focus on the alleged siphoning off of approximately Rs 3,000 crore from Yes Bank. This forms a significant part of the larger fraud investigation.
Ambani reportedly sought a week’s time to furnish additional details to the ED investigators. The agency is expected to scrutinize these submissions thoroughly.
This high-profile case underscores the ongoing battle against financial malfeasance in India’s corporate sector. The outcome will have significant implications for regulatory oversight and investor confidence.
