Mumbai, 24 July (HS): Several places in Mumbai connected

to industrialist Anil Ambani were raided on Thursday by the Enforcement

Directorate. The raids were said to be related to alleged fraud by the Raliance

Communications and its promoter, Anil Ambani duping the State Bank of India.

Although the ED has not revealed any findings related to the raids, some documents

related to the alleged fraud are said to have been recovered.

The raid is said to be based on input provided by

the Rashtriya Awas Bank, SEBI, NFRA, Bank of Baroda, and CBI. The raid was

going on, and an enquiry with those related to Anil Ambani’s business was in

progress.

The enquiry is related to Rs 3,00 crore loan taken

from Yes Bank, transfer of investors’ money elsewhere by misleading them and

duping the shareholders, during 2017 and 2019.

The ED is also investigating the suspected

bribery by former promoters of Yes Bank, as the corporate loan suddenly rose

from Rs 3,742,60 crore in 2017-2018 to Rs 8,670,80 crore in 2018-2019.

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Hindusthan Samachar / Ajay Vasant Mardikar