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Tag: money laundering

ED Raids Uncover Alleged Rs 3,000-Crore Loan Fraud Involving Anil Ambani and Yes Bank

The Enforcement Directorate has uncovered an alleged ₹3,000-crore loan fraud involving Anil Ambani’s Reliance Group and Yes Bank, exposing a web of bribery, financial irregularities, and loan diversions. Raids across 35 locations have revealed that loans were sanctioned without due diligence, raising serious questions about the integrity of corporate governance and banking oversight in India.