In view of deepening crisis of Yes Bank, ongoing money-laundering probe against YES Bank co-founder and former chief executive officer Rana Kapoor and the government intervention to deal with the matter, the Enforcement Directorate has summoned Reliance Group Chairman Anil Ambani in this connection. His group is among the largest borrowers from the bank with an exposure of around Rs 14,000 crore. All the big borrowers of the bank are being examined that has been confirmed by the agency as the agency is examining about the stressed loans sanctioned during Kapoor’s tenure. Ambani has been asked to join the probe on March 16. He will have to provide the details regarding borrowing.
In view of deepening crisis of Yes Bank, ongoing money-laundering probe against YES Bank co-founder and former chief executive officer Rana Kapoor and the government intervention to deal with the matter, the Enforcement Directorate has summoned Reliance Group Chairman Anil Ambani in this connection. His group is among the largest borrowers from the bank with an exposure of around Rs 14,000 crore.
All the big borrowers of the bank are being examined that has been confirmed by the agency as the agency is examining about the stressed loans sanctioned during Kapoor’s tenure. Ambani has been asked to join the probe on March 16. He will have to provide the details regarding borrowing.