Hours after interrogation, ED summons Reliance Group chief Anil Ambani again on March 30

Just hours after appearing before Enforcement Directorate on Thursday, Reliance Group Chairman Anil Ambani has been summoned by law enforcement ncy once more, on March 30. This comes amid reports from top sources in ED that have stated that for all questions asked to Ambani on Thursday, he responded that he needs more time since he does t remember transactions. 

business tycoon was interrogated as his group of companies are among entities whose loans allegedly went b after borrowing from crisis-hit Yes Bank. Earlier, Ambani h also sought exemption from summons on Thursday citing health reasons. 

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Reliance Group h taken loans to tune of Rs 12,800 crores from Yes Bank which later turned NPA (n-Performing Assets). Last year, Anil Ambani h also 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 deline; however, at that time his elder bror Mukesh Ambani bailed him out by paying off due amount to Ericsson.

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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 crore allegedly through 80 shell companies. CBI too has booked a case against Kapoor for same offence.

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