Anil Ambani’s ‘Bribe-for-loan’ scam explained: Inside ED’s Rs 3,000 crore fraud raids linked to Yes Bank

Is it another blow for Anil Ambani’s business, which had just started to gain the attention of investors? The Enforcement Directorate (ED) on Thursday launched a major crackdown across Mumbai and Delhi, conducting searches at over 35 locations linked to Anil Ambani’s companies and Yes Bank. The raids are part of a probe into an alleged Rs 3,000 crore bank loan fraud and suspected money laundering.