Mumbai
On one hand, the Central Agency Enforcement Directorate (ED) has sent summons for questioning on August 5 in the money laundering case related to alleged bank loan fraud against the group of Reliance Group Chairman Anil Ambani, on the other hand, on the other hand, by writing a letter to a dozen such banks, which has doubled their difficulties, who gave loans to their companies. The ED has written a letter to those banks seeking details of the loans given to their companies. People associated with the case gave this information on Monday.
According to the report, the ED has written letters to 12-13 public and private banks seeking details of the loan given to Reliance Housing Finance, Reliance Communications and Reliance Commercial Finance. Sources said that the banks that the ED has written to the ED includes State Bank of India, Axis Bank, ICICI Bank, HDFC Bank, UCO Bank and Punjab and Sindh Bank.
The loan that became NPA…
The report said that in the case of loan given to Reliance Group led by ED Anil Ambani, the bank officials who approve and issue those loans may also summon them for questioning, which later became NPA. Sources said that the Enforcement Directorate has also sought details of the loan approval process, the default time limit and the recovery action taken on such accounts.
First arrest last week
The agency made his first arrest in the loan fraud case of Rs 3,000 crore against Anil Ambani’s Reliance Group companies last week. Partha Sarathi Biswal, Managing Director of Biswal Tradalink Private Limited, has been arrested on Friday for depositing a fake guarantee of Rs 68.2 crore under the Money Laundering Act (PMLA), 2002. He said that this guarantee was given by Reliance Power.
Case of alleged loan rigging of Rs 3,000 crore
Let us know that between ED 2017 and 2019, Yes Bank is investigating alleged loans of about Rs 3,000 crore given by Reliance Group companies. The agency has found that the bank’s promoters also received payment just before the loan is approved, indicating a transaction system. The agency raided more than 50 firms involved in the case last month. A lookout circular has also been issued against Ambani.
