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ED Raids 35 Premises, Searches 50 Companies Linked to Anil Ambani
Business Standard
|July 25, 2025
Probe Relates to Alleged Illegal Diversion of Loans Worth ₹3,000 Crore from Yes Bank
The Enforcement Directorate (ED) on Thursday raided more than 35 premises and searched more than 50 companies in New Delhi and Mumbai linked to Reliance Anil Ambani Group (RAAGA).
Sources told Business Standard the investigation related to alleged illegal diversion of loans worth ₹3,000 crore from Yes Bank from 2017 to 2019.
As many as 25 people were also searched. The Securities and Exchange Board of India (Sebi), the National Housing Bank, the National Financial Reporting Authority, and Bank of Baroda were among organisations that shared information with the ED about RAAGA.
This story is from the July 25, 2025 edition of Business Standard.
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