In what marks one of the most significant regulatory actions in recent times, properties amounting to ₹3,000 crore+ were provisionally attached by the Enforcement Directorate against the Anil Ambani-led Reliance ADA Group.
The search by CBI at the residence of industrialist Anil D. Ambani wrapped up early this afternoon. A spokesperson for Ambani stated on Saturday that the complaint filed by the State Bank of India (SBI) involves issues that go back more than 10 years. The bank’s declaration is currently being challenged in a court.
Business tycoon Anil Ambani, chairman of the Reliance Group, appeared before the Enforcement Directorate (ED) on Tuesday in connection with a case involving alleged bank loan fraud counti upto thousands of crores.
