Sunday, November 29, 2020
Home News Reports Enforcement Directorate summons Anil Ambani who had borrowed ₹14,000 crores from Yes Bank

Enforcement Directorate summons Anil Ambani who had borrowed ₹14,000 crores from Yes Bank

On March 6, Finance Minister Nirmala Sitharaman has said that the Reliance Group, Vodafone Idea, DHFL, IL&FS, Essel Group and CG Power were some of the major defaulters of the stressed Yes Bank.

The Enforcement Directorate (ED) has summoned Reliance Group Chairman, Anil Ambani, on March 16 as a part of its probe into the charges of money laundering against Rana Kapoor, the founder of Yes Bank that is reeling under a state of crisis. Ambani is one of the largest borrowers of the bank with an exposure of ₹14,000 crores.

An official from the Enforcement Directorate informed that the investigative agency is drafting a list of top borrowers of Yes Bank and the large yet risky credit facilities extended during the tenure of Rana Kapoor. He added, “The management and promoters will be examined and questioned in the coming weeks.”

The ED had sought information regarding terms and conditions, side agreements of the loans disbursed by Yes Bank to Anil Ambani for his construction company. He is yet to reply to the email sent by the Enforcement Directorate. On March 6, Finance Minister Nirmala Sitharaman has said that the Reliance Group, Vodafone Idea, DHFL, IL&FS, Essel Group and CG Power were some of the major defaulters of the stressed Yes Bank.

It is reported that Anil Ambani has cited some health issue and may be issued a later date.

Last week, Ambani’s firm stated, “Reliance Group states it has NIL direct or indirect exposure to Rana Kapoor, Former CEO of YES Bank, or his wife or daughters, or any entities controlled by Rana Kapoor or his family. Reliance Group says its entire exposure to Yes Bank is fully secured and transacted in the ordinary course of business. Reliance Group is committed to honour repayments of all its borrowings from Yes Bank Ltd through its various asset monetisation programmes which are all at advanced stages.”

The Central Bureau of Investigation has booked Yes Bank Founder Rana Kapoor and his wife Bindhu Kapoor for receiving ₹307 crore bribe from Avantha Realty Ltd. in connection to the purchase of a 1.2-acre uber-luxe bungalow at 40, Amrita Shergill Marg, New Delhi that was valued at ₹550 crores. Yes Bank is accused of not initiating actions to recover ₹1900 crores from the Avantha Group, despite the group of companies defaulting on its payment.

Earlier, the Enforcement Directorate was investigating whether a dummy company controlled by Kapoor and two of his daughters, Doit Urban Ventures, received kickbacks to the tune of ₹600 crores in return for granting a ₹4,450 crore loan to Dewan Housing Financial Corporation Limited (DHFL).

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

France, Germany, UK and all other countries we should boycott for using water cannon and tear gas

As a newly woke nation, we also have a moral responsibility to oppose other countries that carry out atrocities such as using water cannons on protesters.

Farmers’ organisations blocking roads at outskirts of Delhi reject Home Minister Amit Shah’s goodwill gesture of talks

Earlier, the Home Minister in a goodwill gesture had said the government was willing to talk on "every problem and demand". He also urged the farmers to move their protest to a designated spot near Burari in the national capital.

Mann Ki Baat: Canada to return ancient Maa Annapurna idol stolen from Varanasi temple 100 years back, says PM Modi

Emphasising the rich Indian culture and traditions, Prime Minister in his monthly address to the nation said that the World Heritage Week provides a wonderful opportunity to the lovers of culture to revisit the past and to know about the history of these important milestones.

‘Will not say Jai Hind, will teach lesson to Modi like we taught Indira’: Khalistani protester in presence of AAP MLA Amanatullah Khan

Sikh protester threatens to teach Modi a lesson in the save way they taught Indira Gandhi in the presence of AAP MLA Amanatullah Khan

Pakistan cricket captain Babar Azam accused of sexually assaulting, exploiting woman for a decade after promising to marry her

In an explosive press conference on Saturday a woman levelled serious allegations of sexual abuse and assault on Pakistani cricketer Babar Azam.

UP registers first Grooming Jihad case under new anti-conversion law, accused, who was forcing Hindu girl to convert, absconding

A day after UP passed new anti-conversion law to curb menace of Grooming Jihad (Love Jihad), police have registered its first-ever case

Recently Popular

Wife of late Wajid Khan writes on her sufferings in an inter-faith marriage, says anti-conversion law should be nationalised

Wife of late music composer Wajid Khan wrote how her husband and his family had been forcing her to convert to Islam after their marriage

Who is the man in farmer protest video, lying about ‘govt snatching farmland’: Profile of an actor and Khalistan supporter

Khalistan supporter Punjabi actor Deep Sidhu has been seen spreading the lie that govt will snatch farmer's land using the new farm laws

Actor Deep Sandhu disappoints Barkha Dutt after she provides platform to ‘distance himself’ from OpIndia report that he supports Khalistan

Barkha Dutt lamented after actor Deep Sidhu refused to condemn Jarnail Singh Bhindranwale and to call him terrorist on her YouTube channel

Odisha: Largest ever vigilance raid in state unearths massive wealth gathered by IFS officer, fancy cars, ultra-luxurious lifestyle

Pathak's family reportedly owns a lavish apartment in Bhubaneswar with Italian marble flooring, ivory furnitures and other luxuries. The son is engaged to an MLA's daughter.

The truth about the viral picture, shared by Rahul Gandhi, where police can be seen ‘beating up’ an old farmer

Congress leaders share cunningly edited version of a video to allege brute force is being used by security officials to quell the 'farmer' protest

Netizens call to Boycott tax evasion accused Amrapali Jewels after it pitches Swara Bhasker as its brand ambassador, Amrapali deletes tweet

The official Twitter account of Amrapali Jewels had posted a tweet with a picture of actor Swara Bhasker endorsing its products

France, Germany, UK and all other countries we should boycott for using water cannon and tear gas

As a newly woke nation, we also have a moral responsibility to oppose other countries that carry out atrocities such as using water cannons on protesters.

Farmers’ organisations blocking roads at outskirts of Delhi reject Home Minister Amit Shah’s goodwill gesture of talks

Earlier, the Home Minister in a goodwill gesture had said the government was willing to talk on "every problem and demand". He also urged the farmers to move their protest to a designated spot near Burari in the national capital.

Mann Ki Baat: Canada to return ancient Maa Annapurna idol stolen from Varanasi temple 100 years back, says PM Modi

Emphasising the rich Indian culture and traditions, Prime Minister in his monthly address to the nation said that the World Heritage Week provides a wonderful opportunity to the lovers of culture to revisit the past and to know about the history of these important milestones.

Rajasthan: 18-year-old rape accused force-fed faeces, beaten up in Dholpur

A man in Dholpur Rajasthan was forced to eat human faeces for allegedly molesting a girl

‘Will not say Jai Hind, will teach lesson to Modi like we taught Indira’: Khalistani protester in presence of AAP MLA Amanatullah Khan

Sikh protester threatens to teach Modi a lesson in the save way they taught Indira Gandhi in the presence of AAP MLA Amanatullah Khan

Mann Ki Baat: PM Modi remembers Guru Nanak, speaks on Farm Bills as Khalistanis try to hijack farmers’ protest

Amid the farmers' protest, he also asked the agricultural students to inform the farmers about the bills to clear their doubts

Pakistan cricket captain Babar Azam accused of sexually assaulting, exploiting woman for a decade after promising to marry her

In an explosive press conference on Saturday a woman levelled serious allegations of sexual abuse and assault on Pakistani cricketer Babar Azam.

UP registers first Grooming Jihad case under new anti-conversion law, accused, who was forcing Hindu girl to convert, absconding

A day after UP passed new anti-conversion law to curb menace of Grooming Jihad (Love Jihad), police have registered its first-ever case

Karnataka: Radical Islamist graffiti, calling for beheading for insulting Prophet Muhammad, appears in Mangaluru

"The only punishment for insulting Prophet Muhammad is beheading of the one accused of blasphemy," the graffiti in Mangaluru read.

UAE punishes Pakistan for not relenting on its anti-Israel stand? Pakistanis lose 3,000 jobs in a week after visa ban: Read details

While the visa ban by UAE was initially limited to tourist visas, it was later extended to employment and work visas for Pakistan

Connect with us

245,563FansLike
490,621FollowersFollow
20,200SubscribersSubscribe