Explained: Why the ED is investigating a ₹68.2 crore fake bank guarantee tied to Anil Ambani Group
CHENNAI: Alongside the high-profile loan fraud case involving the Anil Ambani Group, Indian financial crime investigators have launched a fresh money laundering probe into the Group, this time focusing on a suspected fake bank guarantee racket worth Rs 68.2 crore. This probe follows an FIR filed by Delhi’s Economic Offences Wing in November 2024, relating to a bogus guarantee submitted to the Solar Energy Corporation of India (SECI).
