Biggest shake-up for Corporate India soon, Anil Ambani is not the first and last big name

re is a series of tsunamis that will soon hit Mumbai, and Tsunamis will come from investigating ncies in Delhi. Sources say that CBI and ED are both racing with each or to nail biggies who took advant of practices and banking methods of Yes Bank ex-boss Rana Kapoor. 

Anil Ambani is first to come under direct scrutiny and interestingly he is left to fend for himself with body in his family or business circles willing to back him this time.

Anil Ambani, who in past has been saved from financial and professional ruin by his family, finds himself alone amidst charges of questionable deals with Yes Bank ex-boss Rana Kapoor. Anil Ambani's companies are among biggest borrowers of Yes Bank, and estimates of present borrowings are well over 10,000 crore rupees with some informal investments pegging it over 12,000 crore rupees.

Despite 2 summons, Anil Ambani is trying his best to avoid appearing before much-feared Enforcement Directorate. This, ncy sources say, "is because Anil Ambani kws that we kw much more about his dealings with Rana Kapoor and it will be tough for him and even his best lawyers to explain some of information that we have with us."

But Anil Ambani won't find himself alone in ED headquarters. All of Mumbai's top financial circles want to kw how much Rana Kapoor has spilled in course of his interrogation. Among m, is a shady real-estate company and ar company which has big investments in TV and digital media. ncy sources said, "body will be spared this time. And when you look at final list of those who will be called for questioning, Mumbai's corporate and media circles will have to do some soul-searching."

Meanwhile, information coming into Republic World that 5 or 6 big names are likely to be summoned this week. Some sources say, summons have been served on some big proprietors but information on ir specific names is t public domain.

Anil Ambani summoned

Enforcement Directorate on Monday summoned Reliance Group Chairman Anil Ambani in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and ors. Replying to this, Anil Ambani has filed an adjournment application and has sought more time to appear before ED, officials said.

officials said Ambani has been asked to depose at Enforcement Directorate office in Mumbai on Monday as his group companies are among big entities whose loans allegedly went bad after borrowing from crisis-hit bank. It is understood that Ambani has sought exemption on health grounds from ncy and he may be issued a new date.