Anil Ambani appears at ED in money-laundering probe against Yes Bank founder Rana Kapoor

Reliance Group Chairman Anil Ambani has appeared before Enforcement Directorate on Thursday for interrogation in relation to loans given to his company by Yes Bank. Ambani had 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. However, he had sought exemption on health grounds from ncy. Reliance Group had taken loans to tune of Rs 12,800 crores from Yes Bank which later turned NPA (n Performing Assets). On Thursday, he was taken in to office via back gate.

This comes amid Republic TV's investigation into big loans by Yes Bank to various corporates.

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Anil Ambani last year had faced prison charges after a deal between his firm Reliance Communications (RCom) and telecoms giant Ericsson collapsed leaving his firm owing Ericsson about Rs 550 crores, which it failed to pay by a court deadline; however, at that time his elder bror Mukesh Ambani bailed him out by paying off due amount to Ericsson.

ED summons bigwigs

A day earlier, ED summoned chairman of Essel group Subhash Chandra (former chairman of Zee TV) and Jet Airways founder Naresh Goyal in connection to Yes Bank debacle, though two didn't appear citing various reasons.

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Currently, Enforcement Directorate has been investigating into Yes Bank founder Rana Kapoor - who was under judicial custody. ED has accused Kapoor, his family members and ors of laundering "proceeds of crime" worth Rs 4,300 crore by receiving alleged kickbacks in lieu of extending big loans through ir bank that later turned NPA. ED has also been probing into loans offered by Yes Bank to DHFL which has been booked for siphoning funds close to Rs 13000 crores allegedly through 80 shell companies. CBI too has booked a case against Kapoor for same offence.

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