Money laundering case: ED questions Anil Ambani's son for second day
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New Delhi: The Enforcement Directorate questioned Jai Anmol Ambani, son of industrialist Anil Ambani, for the second day in a money laundering case related to an alleged bank loan fraud, sources said.
They further stated that the testimonies of 34-year-old Anmol Ambai were recorded under the Prevention of Money Laundering Act (PMLA) for the first time on Friday, and the session would continue on Saturday.
The Reliance Anil Dhirubhai Ambani Group did not respond to the development. The ED probe is related to Yes Bank, which, according to the officials, had an exposure of about Rs 6,000 crore in the Reliance Anil Dhirubhai Ambani Group as of March 31, 2017, which doubled to Rs 13,000 crore within a year.
The companies involved included Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).
A “large” portion of these investments turned into non-performing investments (NPIs) and the bank, subsequently, suffered a loss of Rs 3,300 crore from these dealings, the agency alleged.
Anil Ambani, too, has been questioned by the ED in an alleged bank loan fraud case against the Reliance Group companies.
With PTI inputs