ED to widen alleged bank fraud probe linked to Anil Ambani

The Agency May Summon Key Allies Of Industrialist Anil Ambani In The ₹17,000 Crore 'Money-Laundering' Case

- HARSH KUMAR

The Enforcement Directorate (ED) is set to widen its investigation in the ₹17,000 crore alleged money-laundering case involving industrialist Anil Ambani and summon his key allies. The agency is also likely to call for questioning former senior officials of Canara Bank and Bank of Baroda.

"The ED has already called Sanjay Dangi along with other credit committee members of Reliance Communications Limited (RCom) and Reliance Home Finance Limited (RHFL), which are the Reliance Anil Dhirubhai Ambani Group (ADAG) companies. Investigation is ongoing; we may call more people into the case," a senior ED official told Business Standard on the condition of anonymity.

Dangi, who is a "stock market operator" and an "HNI investor," has substantial stake in Reliance Commercial Finance Limited (RCFL), RHFL, and Reliance Power. Dangi is at present a director at the Authum Investment & Infrastructure Ltd.