Anil Ambani Questioned for 9 hours by ED

Anil Ambani Questioned for 9 hours by ED

Agency News

New Delhi: Reliance Group chairman Anil Ambani was questioned for 9 hours by the Enforcement Directorate(ED) in Mumbai.

It is learnt that the questioning mostly revolved around the money-laundering probe into crisis-hit Yes Bank and its founder, Rana Kapoor. The central agency had issued a summons earlier this week but Mr Ambani, 60, had asked for a delay citing health concerns.

Accepting his request, the agency had told him to appear before it by 11 am on Thursday. Yes Bank had around Rs 12,800 crore exposure to the Reliance Group.

Earlier, the Enforcement Directorate filed a case alleging Mr Kapoor had received kickbacks, via companies purportedly controlled by his family for going slow on bad loans extended by his bank to some big corporates.

In a statement issued last week the Reliance Group denied any links with Rana Kapoor, against whom money-laundering and bribery cases have been filed by both the Enforcement Directorate and the Central Bureau of Investigation (CBI).

"Reliance Group states it has NIL direct or indirect exposure to Rana Kapoor, Former CEO of YES Bank, or his wife or daughters, or any entities controlled by Rana Kapoor or his family. Reliance Group says its entire exposure to Yes Bank is fully secured and transacted in the ordinary course of business," the statement read.