Anil Ambani additionally wrapped in Yes Bank investigation, ED summons

by Jeremy Spirogis
778 fine for drunk driving, 1100 for violation of traffic rules – New Year celebration

new Delhi: The Enforcement Directorate (ED), probing the cash laundering case in opposition to Yes Bank founder Rana Kapoor and others, has summoned Anil Ambani, chairman of Reliance Group, on Monday. He was issued summons by the ED to seem today i.e. on Monday 16 March, however he won’t seem today. This info has been given to the ED. He was known as by the ED today for questioning about Anil Ambani's relationship with Yes Bank founder and former CEO Rana Kapoor. Rana Kapoor is dealing with allegations of cash laundering within the Yes Bank disaster case.

9 firms of Reliance Group took mortgage of Rs 12800 crore from Yes Bank

Please inform that Reliance Group, led by Anil Ambani, has taken an enormous mortgage from Yes Bank. <! –

                 9 firms of Reliance Group have taken a mortgage of Rs 12800 crore from Yes Bank. At the identical time, an evidence has been given by the corporate that the debt of Yes Bank is totally secure with them and they’re going to repay all the cash of the financial institution. Reliance Group has mentioned that it’s dedicated to repay Yes Bank's debt by promoting its belongings. The ED has mentioned that the company will inquire with all the large debtors of Yes Bank, who’ve taken loans through the tenure of Rana Kapoor.

At the identical time, Reliance Group has mentioned that they don’t have any contact with the businesses run by Yes Bank's former CEO Rana Kapoor, his spouse or daughters or his household. It is understood that 44 firms of 10 huge business homes of the nation have excellent debt of Rs 34,000 crore from Yes Bank, the largest cause for placing the financial institution in monetary disaster.

Nirmala Sitharaman: These firms had taken loans from Yes Bank

On the opposite hand, tell us that Finance Minister Nirmala Sitharaman had mentioned in a press convention of March 6 that the Anil Ambani Group, Essel, ILFS, DHFL and Vodafone and so on. Group had taken mortgage from Yes Bank. Officials mentioned the promoters of all the large firms who had taken loans and couldn’t return have been known as for questioning. It is understood that the ban on Yes Bank imposed by the Reserve Bank shall be lifted on March 18. The authorities has issued a notification on Saturday. Giving info, the federal government mentioned that the board headed by Chief Executive Officer and Managing Director Prashant Kumar will take over by the tip of this month.

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