Yes Bank case: Anil Ambani appeared earlier than ED

by Jeremy Spirogis
India's cleanest city for 4th consecutive time

New Delhi. Reliance Group chairman Anil Ambani appeared earlier than the Enforcement Directorate (ED) on March 19 in reference to the continued investigation within the Yes Bank case. He attended ED's Mumbai workplace. The ED is investigating the fraud in Yes Bank. He reached the ED workplace at 9 am today. Let me inform you that ED had issued summons to many massive businessmen who received mortgage from it throughout the tenure of former Yes Bank chairman Rana Kapoor. These embrace Essel Group Chairman Subhash Chandra, Jet Airways founder Naresh Goyal, DHFL promoter Kapil Wadhawan and Avanta Realty promoter Gautam Thapar. <! –

                 Rana Kapoor is at present below arrest and investigation is occurring towards him.

Ambani's firm YES Bank has giant liabilities

The sources are quoted as saying that Ambani's firm is among the largest debtors of Yes Bank in addition to its NPA. Ambani's firms owe greater than Rs 12500 crore. While Anil Ambani appeared for an ED inquiry, the remainder of the businessmen expressed their incapability to look for varied causes. Kapil Wadhawan of DHFL expressed his incapability to hitch the investigation fearing coronavirus. In response to the ED summons, Sameer Gahlaut of Indiabulls mentioned that he had left for the United Kingdom earlier than getting the summons and wouldn’t be capable of take part within the investigation till the journey ban was imposed.

What did Subhash Chandra say

At the identical time, Subhash Chandra of Essel Group wrote to the ED and mentioned that Rajya Sabha session is occurring, so that they won’t be able to attend. He is a member of Rajya Sabha. He had earlier tweeted confirming receipt of summons. Meanwhile, allow us to inform you that the restrictions on the Yes Bank have been lifted. Yes financial institution prospects can now withdraw greater than Rs 50000 from the financial institution.

Despite having dozens of vehicles and personal jets, Anil Ambani mentioned property is 'zero'

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