The Enforcement Directorate on Thursday (July 24, 2025) conducted searches at over 35 premises, 50 companies and more than 25 persons in connection with a case against Reliance Anil Ambani Group companies, according to agency sources.
The ED probe is based on two first information reports registered by the Central Bureau of Investigation ”Other agencies and institutions also shared information with the ED, such as — The National Housing Bank, SEBI, National Financial Reporting Authority (NFRA), Bank of Baroda,” said a source.
Watch | ED raids Anil Ambani group companies, Yes Bank in bank loan ‘fraud’
‘Preliminary investigation by the ED has revealed well-planned and thought after scheme to divert/siphon off public money by cheating banks, shareholders, investors and other public institutions. The offence of bribing bank officials including the promoter of Yes Banks Limited is also under scanner,” the source said.
Illegal loan diversion of around ₹3,000 crore from Yes Bank (2017-2019) has been alleged. “The ED has found that just before the loan was granted, the Yes Bank promoters received money in their concerns. The ED is investigating this nexus of bribes and the loan,” said the source.
