By Admin 
Anil Ambani: Today, the Enforcement Directorate (ED) has taken major action against industrialist Anil Ambani. Under this, raids have been conducted on locations associated with their companies. This is reportedly a part of the ongoing investigation into financial irregularities and money laundering cases against him.
According to officials, about 15 different ED teams raided 10 to 12 places this morning. Most of these locations were in Mumbai. Sources said that this raid is being conducted against Reliance Power and other companies and people associated with them.
Earlier, the Central Bureau of Investigation (CBI) had registered a case of banking fraud of more than Rs 2200 crore against Reliance Communications. Today, amidst this action of ED, there was a rise in the shares of Reliance Power and Reliance Infra. On one hand, shares of Reliance Power have jumped 2 percent to Rs 23. At the same time, shares of Reliance Infra were seen trading at Rs 94.20 with a rise of more than 4 percent.
10 hours of interrogation took place last week
Just last week, ED had interrogated Ambani for more than 10 hours in the banking fraud case of Rs 40,000 crore related to loans taken from State Bank of India and other lenders. However, officials also say that he did not appear for questioning in a separate money-laundering investigation related to the loan he received from Yes Bank.
During the investigation, ED has also provisionally attached property related to Ambani, which also includes a residential property worth about Rs 3761 crore. Officials said that the total value of properties attached in this case has reached approximately Rs 15,000 crore.
allegations against Anil Ambani
Anil Ambani is accused of diverting funds taken from banks through his companies. In simple language, his companies like Reliance Communication and Reliance Power allegedly took loans worth thousands of rupees from banks for business related works like installation of new machines, towers. But instead of using this money for real work, there is an allegation of diverting this money from one account to another and giving it to shell companies in the name of loan or payment.
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