Yes Bank crisis: Anil Ambani asked to appear before Enforcement Directorate today
Yes bank crisis
Reliance Group Chairman Anil Ambani has been asked to appear in front of Enforcement Directorate (ED) in connection with money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday, reported news agency PTI.
Ambani has been asked to depose at the Enforcement Directorate office in Mumbai on Monday as his group companies are one among the big entities whose loans went bad after borrowing from the crisis-hit bank, the report added.
It is understood that Ambani has sought exemption on health grounds from the agency and he may be issued a new date.
Ambani's group companies are stated to have taken loans of about Rs 12,800 crore from the bank that turned NPA.
Ambani's statement will be recorded under the Prevention of Money Laundering Act (PMLA) upon deposition, they said.
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Kapoor, 62, is at present in ED custody after he was arrested by the central probe agency early this month.
The ED has accused Rana, his family members and others of laundering "proceeds of crime" worth Rs 4,300 crore by receiving alleged kickbacks in lieu of extending big loans through their bank that later turned NPA.
(With inputs from PTI)