- Anil Ambani's aides Amitabh Jhunjhunwala and Sateesh Seth were questioned by the ED in New Delhi
- The questioning relates to an alleged loan fraud involving Reliance Group entities
- The ED probe targets one of the largest corporate loan frauds under investigation
The Enforcement Directorate questioned Anil Ambani's top aides including Amitabh Jhunjhunwala and Sateesh Seth on Wednesday in connection to the alleged loan fraud case linked to Reliance Group entities, sources told NDTV Profit.
Both Jhunjhunwala and Seth appeared at the federal agency's headquarters in New Delhi and the questioning was underway, said the sources mentioned above.
The two aides being questioned are senior executives in Ambani's business empire and have handled major financial operations.
The ED's probe into the alleged illegal loan fraud linked to Anil Ambani Group companies is seen as one of the biggest corporate loan frauds currently under investigation.
The agency had earlier identified at least 25 executives during multi-location searches.
According to the sources, the agency will seek extension of Partha Sarathi Biswal's remand in court. Biswal will be produced before a special PMLA court, which had granted ED his custody till today.
Biswal, Managing Director of Biswal Tradelink Private, was arrested on Friday in connection with the Anil Ambani case. He was taken into ED custody for allegedly arranging fake bank guarantees worth Rs 68.2 crore.
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