Business
Under Intense Scrutiny : Anil Ambani Appears Before Enforcement Directorate In Connection With Alleged Multiple Loan Fraud Cases Against His Group Of Companies
The statement of the 66-year-old businessman is being recorded under the Prevention of Money Laundering Act (PMLA), official sources said.
Embattled Anil Ambani appeared before the Enforcement Directorate in New Delhi for questioning in a money laundering case linked to alleged multiple bank loan fraud cases worth crores of rupees against his group companies.
According to PTI, The businessman reached the office of the central probe agency in central Delhi in an EV vehicle around 10:50 am.
The statement of the 66-year-old businessman is being recorded under the Prevention of Money Laundering Act (PMLA), official sources said.
The summons come after the agency conducted searches at 35 premises of 50 companies and 25 people, including executives of his business group, in Mumbai on July 24.
The ED has notified a Look Out Circular (LOC), as per standard operating procedure in large bank ‘fraud’ cases, against Ambani even as some executives of his group have also been summoned to appear for questioning during the week as part of this probe.