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ED raids Anil Ambani's companies in bank loan fraud worth Rs 3,000 crore, company gives clarification

  ED on Thursday conducted raids at around 50 locations related to companies of businessman Anil Ambani. These raids have been conducted in connection with the bank loan fraud case of around Rs 3,000 crore involving Anil Ambani Group companies and Yes Bank. Regarding the raids, the Anil Ambani Group has given a clarification that the reports on the basis of which the ED action is being taken are related to eight-year-old transactions related to Reliance Home Finance.
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