ED raids Anil Ambani’s firms, Yes Bank in alleged ₹3,000 crore loan fraud scam

The Enforcement Directorate (ED) on Thursday conducted raids at multiple locations in connection with a loan fraud case worth over ₹3,000 crore involving Anil Ambani’s group of companies and Yes Bank, officials said.

ED sources told ANI that over 35 premises, 50 companies and over 25 persons are covered in a search operation launched today by the ED under section 17 of the Prevention of Money Laundering Act (PMLA).