ED files money laundering case against Anil Ambani
Anil Ambani and his company Reliance Communications (RCom) are under the scanner, as the Enforcement Directorate (ED) just filed a money laundering case against them.
This follows a Central Bureau of Investigation (CBI) probe into a ₹2,929 crore loss to State Bank of India, which led to raids at Ambani's home and RCom offices last month.
Ambani's team denies all wrongdoing
The ED's action started after an SBI official flagged concerns in a forensic audit.
As part of their probe into an alleged ₹17,000 crore bank loan fraud, they've questioned top Reliance Group executives and reached out to nearly 20 banks for details on loans given to Reliance firms.
Amitabh Jhunjhunwala, Ambani's former aide, was also recently called in for questioning.
Meanwhile, Ambani's team insists he wasn't involved in daily operations during the time these issues happened and denies all wrongdoing.