ED summons Anil Ambani in probe against Yes Bank co-founder Rana Kapoor; Ambani seeks time

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.

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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. 

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Finance Minister Nirmala Sitharaman had said in a March 6 press conference that Anil Ambani Group was among stressed corporates Yes Bank had exposure to. 

Officials said promoters of all big companies who had taken large loans from beleaguered bank which later turned bad, are being summoned for questioning in case to take investigation forward. Ambani's statement will be recorded under Prevention of Money Laundering Act (PMLA) upon deposition, y said. 

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ED probes Kapoor

Currently, Enforcement Directorate is investigating into Yes Bank founder Rana Kapoor - who was kept under judicial custody. ED has accused Rana, 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 is also 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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(With ncy inputs)