Anil Ambani Live News: ED To Call The Business Tycoon Back After 7-10 Days

The ED has termed the illegal loan fraud linked to Anil Ambani Group companies as one of the biggest corporate loan frauds currently under investigation.

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Anil Ambani's two key executives Amitabh Jhunjhunwala and Sateesh Seth to be Questioned this week, according to sources.

The enforcement directorate has said it will summon Anil Ambani after 7-10 days. The millionaire allegedly told the ED that he is not aware of many transactions ED has put in question and that He needs to check details and respond on levied allegations on loan frauds, as per sources.

ED is also looking at some instances of loans given to entities with weak financials, a lack of proper documentation of loans and due diligence, borrowers having common addresses and common directors in their companies, etc., according to PTI sources.

Reliance Power Ltd.'s share price plummeted by 5%, hitting the lower circuit limit on Tuesday, as Reliance Group Chairman Anil Ambani appears before probe agency Enforcement Directorate today for questioning in connection with an alleged Rs 17,000 crore worth bank loan fraud-linked money laundering case.

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