ED questioning Anil Ambani in New Delhi today. He is alleged in Rs 17,000 crore bank money laundering case. Sources say Mr Ambani not allowed to have an lawyer present with him during questioning. The whole questioning session recorded on a digital camera. Statements recorded under the Prevention of Money Laundering Act (PMLA) are admissible in a courtroom.
No lawyer when ED questioning Anil Ambani
The probe agency on August 1 issued a summons to the Reliance Group chairman, which arrived days after the company searched groups linked to Mr Ambani and recovered some files and computer peripherals from multiple places.
The probe agency has also written to a couple of banks looking for information on the loans sanctioned to his agencies, people acquainted with the matter told NDTV Profit. The agency has written to 12-13 public-area and private banks looking for details on due diligence followed at the loans sanctioned to Reliance Housing Finance, Reliance Communications, and Reliance Commercial Finance. Details sought from the State Bank of India, Axis Bank, ICICI Bank, HDFC Bank, UCO, and Punjab and Sind Bank, sources said.
Preliminary Investigation Uncovers ₹3,000 Crore Loan Diversion from Yes Bank
Preliminary research after ED questioning Anil Ambani found illegal loan diversion of around Rs 3,000 crores from Yes Bank (2017 to 2019). Later, officials found out that Reliance Communications Ltd had also committed loan fraud of over Rs 14,000 crores.
The raids launched on July 24 as part of the alleged bank loan fraud money laundering case, apart from more than one different allegation of economic irregularities with crores of rupees by agencies.
The searches, performed under provisions of the Prevention of Money Laundering Act (PMLA), held in Delhi and Mumbai for at least 3 days. These premises belong to 50 companies and 25 people, including a number of executives of the Anil Ambani Group companies.
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