By Admin 
The Enforcement Directorate (ED) has started a major investigation into money laundering against Reliance Anil Ambani Group companies. ED search operation is going on at 48-50 location related to Anil Ambani. Please tell that this action is being taken after registering 2 FIRs from the CBI.
Investigation has revealed that these companies misused money by taking loans from banks. He was rotated in other companies and cheated on common people, investors and government institutions. Many big institutions also shared information in this investigation with ED. This includes National Housing Bank (NHB), SEBI, National Financial Reporting Authority (NFRA) and Bank of Baroda.
ED shocking revelations
Many shocking things have been revealed in the initial investigation of the ED. It is being told that between 2017 and 2019, a loan of 3000 crores was taken from YES Bank, which was later turned into other companies. Not only this, the matter of giving bribe to the officers and promoters of YES Bank is also coming out to pass the loan.
Red at 50 places across the country
The Central Investigation Agency is raiding 48-50 places across the country in this entire case today. The ED has also come to know in the investigation that YES Bank blown up his own rules while giving loans to Raaga companies. All the necessary documents related to the loan were prepared in the backdate.
According to the investigation, heavily invested without credit analysis. Loans were passed without documents and without correct investigation. The directors and addresses of many companies are the same. Loans were applied and disbursed in a single day. Many times the money was transferred before the loan was passed.
These big companies gave important information to ED
In this case, big institutions like SEBI, National Housing Bank, NFra and Bank of Baroda have also given important information to ED. SEBI has informed about a large case related to RHFL (Reliance Home Finance Ltd), in which in a single year the company increased the corporate loan from 3742 crores to 8670 crore. ED is also looking at this sudden increase with suspicion.
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