Kochi: The Directorate of Enforcement (ED) has raided 35 premises and 50 companies linked to Anil Ambani’s Reliance Group (RAAGA Companies) in a money laundering case related to the Yes Bank loan fraud case, media reports said.
The CBI had registered two FIRs in this regard and ED had got inputs from SEBI, the National Housing Bank, Bank of Baroda, National Financial Reporting Authority among others.
The ED is probing allegations that loans worth around Rs 3,000 crore, sanctioned by Yes Bank between 2017 and 2019, were allegedly diverted to shell firms and other group entities.
The agency is probing into the possibility of bribery of Yes Bank officials.
The Enforcement Directorate on Thursday raided 40–50 locations linked to Anil Ambani in a money laundering probe tied to the Yes Bank loan fraud case.
